While the United states Armed Forces (private mercenaries) are in Afghanistan and the Philippines defending “all freedom-loving people everywhere in the world,” Alan Greenspan, Chairman of the Federal Reserve Board of Governors (a Federal agency) that oversees the privately owned Federal Reserve System of (central) Banks, in testimony to the senate special committee on aging, claims that a housing price “bubble” does not exist on a national level: “The notion of a bubble bursting and the whole price level coming down seems to me as far as a national nationwide phenomenon, is really quiet unlikely.”
[restored 11/27/2023] Thanks to Freedom’s Phoenix for this entry.
Subsequent Events:
References:
Housing Bubble Myth or Reality – Frank Shostak – Mises Institute
mises.org/story/1177
FRB Testimony, Greenspan–Aging population–February 27, 2003
www.federalreserve.gov/boarddocs/testimony/2015/20150227/default.htm
Current U.s. National Debt:
