"A libertarian on paper, Greenspan was a monetary socialist in practice...

...Nowadays, it’s hard to figure out where the Fed’s balance sheet ends and the credit markets begin."

Source: Bloomberg, 25/10/10

Greenspan’s Bubbles to Lose Air in Frothy China: William Pesek

"“Nobody understands QE,” says Fred Goodwin, a strategist at Nomura International in London. “We have no idea how inflationary it really is. A patient juiced up on QE wants to party and it does not matter what anyone says. Don’t worry about what central banks are worried about; worry about unintended consequences.”"

Source: Bloomberg: 28/10/10

Insane Fed Should Beware Unquantifiable Outcomes: Mark Gilbert