: Since Greenspan has Objectivist credentials, he is supposed to represent the 'philosophy' of laissez faire capitalism, right?
I thought he'd been thoroughly disregarded by many self described objectivists. Ayn Rands intellectual heir (about 1% of 1% of her intellect anyway, according to some I've read, but then I never met her nor him so it may just be back biting) Peikoff even spoke ill of Greenspan on his radio show. Not that I heard it, but read about it.
Can't be doing with too much of all that stuff, just thought I'd let you in on the exciting rift.
: Sounds like a 'command' economy to me... Or is the attempt to foster unemployment (the immediate result of higher interest rates) 'laissez faire' because it's so much fun for the capitalists?
See my reply to your post. If unemployment is caused by deliberate engineering of the economy (ie. *not* laissez faire) via the federal reserve as a supposedly 'liberal' economist called Galbraith believes then he would find unlikely agreement with 'seperation of state and economy' libertarians.