It Is Decidedly Not True

Greenspan, Who Knew So Much More Than Most, Knew Far Less Than Most Supposed.

Given Our Inevitably Incomplete Knowledge About Key Structural Aspects Of Our Ever-changing Economy And The Sometimes Asymmetric Costs Or Benefits Of Particular Outcomes, A Central Bank... Need To Consider Not Only The Most Likely Future Path For The Economy But Also The Distribution Of Possible Outcomes About That Path. They Then Need To Reach A Judgment About The Probabilities, Costs, And Benefits Of The Various Possible Outcomes Under Alternative Choices For Policy.

The Need For Values Is Inbred. Their Content Is Not.

Well, You Probably Will Always Believe There Should Be Laws Against Fraud, And I Don't Think There Is Any Need For A Law Against Fraud.

Gold, Unlike All Other Commodities, Is A Currency...and The Major Thrust In The Demand For Gold Is Not For Jewelry. It's Not For Anything Other Than An Escape From What Is Perceived To Be A Fiat Money System, Paper Money, That Seems To Be Deteriorating.