Alan Greenspan On The Primary Purpose Of A Central Bank

On January 7, The Wall Street Journal conducted an interview of Alan Greenspan.

I found a few aspects of this interview to be interesting.  Perhaps most notable was the following comment by Greenspan, seen at the 13:58 mark:

“…the primary purpose of a central bank is to protect the value of the currency…”

I will likely reference this quote in a subsequent post(s)…


A Special Note concerning our economic situation is found here

SPX at 1304.03 as this post is written