Greenspan on Inflation's Threat

In a recent editorial in the Financial Times, former Federal Reserve chairman outlined his concerns about pending inflationary pressures: 

  • The avalanche of government debt to be unloaded on world financial markets
  • The political pressure on central banks to print  money to buy much of the newly issued debt
  • The staggering rise in government spending commitments over the next decade
  • The uncertainty in forecasting Medicare costs
  • The danger of political intervention at the expense of private market forces

 Please click here for Greenspan's commentary.