Alan Greenspan joins the chorus of those who believe the stimulus has hurt the recovery.
CNN Money reported:
Massive government intervention to save the economy is to blame for the lagging recovery, Former Federal Reserve Chairman Alan Greenspan said Tuesday.H/T Gateway Pundit.
Greenspan argued for less government intervention to get the recovery rolling and businesses investing in equipment and plants.
“What we need to do now is to calm down; let things move by themselves,” he said at a forum at the Council of Foreign Relations. “And indeed the rate of activism has decreased significantly and the ratio of capital flow has inched back up.”