The Glasshouse Report

Saturday, February 18, 2017

Donald Trump's Policies Risk Sending US Economy Back To The 1970s, Warns Former Boss Of Federal Reserve


By Telegraph, Feb. 16, 2017

Donald Trump's economic policies risk plunging America into a period of 1970s-style stagflation with low growth and "out of control" inflation, the former chairman of the US Federal Reserve has warned.

Alan Greenspan, who led the US central bank between 1987 and 2006, said America's huge debt pile meant policymakers "cannot afford" to embark on an infrastructure spending spree or major fiscal loosening as he signalled that the policies put forward by the US president would cause the world's biggest economy to overheat.

Read More: http://www.telegraph.co.uk

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1 comment:

  1. Aren't we already in the Seventies, economically speaking? 2 percent growth, hidden high unemployment and inflation? What's the misery index been these last eight years?

    ReplyDelete

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