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Since Alan Greenspan became chairman of the FED, the country's economy has reflected many positive results. He has done a terrific job. Allan is a very bright man who is always thinking of ways to prevent problems before they happen in the economic sector of the nation. All economists have been very content with his job just until now. In a recent Time magazine article called Is That Really You, Allan?disapproval about some new rules that this man has suggested for the economy have been highly critized.

The first new rule that Alan proposed was to keep down with producivity. In the article he responds to this new rule by saying that too much efficiency pushes demand and becomes inflationary. This meaning that too much is produced and stock prices are getting higher. When this happens people begin to feel


When the economy gets stabilized and it's growth rate reaches a normal percentage,

These two new rules proposed by Alan are mainly to protect the country from inflation and many economists and other people don't understand it. The article also reflects that many people think that Alan is doing the wrong thing. This is mainly because they are not getting the economic benefits they wish and are not thinking about the country's economic future. A very clear example is given in this article as well. The chief economist of the Deutsche Bank, Edward Yardeni states that, "If the wealth effect continues to boost demand, then why can't productivity continue to boost supply?" I really think that this comment was really said in an angry and ambitious way. This is an economist of a bank and should really try to und

Some common words found in the essay are:
Alan Greenspan, Edward Yardeni, alan doing, edward yardeni, alan greenspan,
Approximate Word count = 546
Approximate Pages = 2 (250 words per page double spaced)


  

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