Bloomberg/Liz McCormick/2-12-2019
“‘This is an extremely imbalanced situation,’ Greenspan, who led the Fed from 1987 to 2006, said in a phone interview. ‘Politically, budget deficits really don’t matter. What matters is the consequences.’ For Greenspan, 92, the ultimate concern is inflation.”
USAGOLD note: Somehow we missed this Greenspan interview last week. The former Fed chairman has consistently warned about the massive deficits and the potential for a return to a 1970s style stagflation of which, he tells Bloomberg, we are seeing the early signs now.
