Greenspan on Greenspan

Caught this line from Alan Greenspan:

“I conclude that the current government activism is hampering what should be a broad-based robust economic recovery, driven in significant part by the positive wealth effect of a buoyant U.S. and global stock market.”

He means by government activism…QE2? But if there was none of that would there be a “buoyant” stock market? Isn’t Greenspan the chief architect for creating wealth effects in stocks and real estate? I am confused! Not.

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