Wackos Have Alan Greenspan Running Scared

The former Fed chairman is deeply concerned about the "crazies."
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Alan Greenspan has seen a lot of scary sh*t in his 90 years-- Black Friday, Brexit, the housing bubble he built with his own two hands-- but none of it even comes to close in spine-tingling terror to the wackjobs out there he's pretty sure are thisclose to taking down the whole damn economy.

Former Federal Reserve Chairman Alan Greenspan voiced concern that the U.S. economic and political system could be undermined by what he called “crazies.” “It is the worst economic and political environment that I’ve ever been remotely related to,” Greenspan, 90, told a conference in Washington Tuesday evening sponsored by Stanford University and the University of Chicago. On the economic front, the U.S. is headed toward stagflation -- a combination of weak demand and elevated inflation, according to Greenspan. “Politically, I haven’t a clue how this comes out.” “We’re not in a stable equilibrium,” he said. “I hope we can all find a way out because this is too great a country to be undermined, by how should I say it, crazies.”

Greenspan Worries That ‘Crazies’ Will Undermine the U.S. System [Bloomberg]

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