Greenspan: Give Homeowners Financial Aid: Financial News – Yahoo! Finance

Keynes to the rescue!

Greenspan did not specifically call for a tax cut. Instead, he called for the government to apply money to the severe housing market slump. Such a cash infusion would typically come through a tax break or a new government spending program.

From Keynes to Monetarism and back to Keynesian economics. Oh, the American economy has gone a long way since The end of laissez-faire.

If you don’t know what I am talking about, you may want to read this article. Don’t get scared, but it is the economic philosophy used to get us out of the great depression.

Greenspan: Give Homeowners Financial Aid: Financial News – Yahoo! Finance

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One Response to “Greenspan: Give Homeowners Financial Aid: Financial News – Yahoo! Finance”

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