Why Does Alan Greenspan Support Affirmative Action And Inner City Economic Development?
And then there’s the following quote, ascribed to Federal Reserve chairman Alan Greenspan: “It is good for business. It is good for our society, and it is the right thing to do.” Now it might have been taken out of context; it might be incomplete or made up out of whole cloth. If so, forget what I’m about to say. But if it’s true… This group that sponsored it, by the way, is the Greenlining Institute, made up of all kinds of minority groups who want special economic aid to their section of the inner city, and who want affirmative action. Now, Alan Greenspan has muffed his chance, time and again, in Washington. I don’t ever hear him making a strong, pro-capitalist statement. I don’t see him taking any actions in his year-after-year, of tenure, to free anything in the economy. And this despite the fact that I know from first-hand knowledge that he’s a highly intelligent man who knows better. He knows what Capitalism is, and does. When he was on the Social Security commission, he helped
