One is tempted to compare Mr Greenspan with Rudolf von Havenstein, the man in charge of the German Reichsbank during the 1923 hyperinflation. At the height of the crisis he promised to relieve the shortage of currency through the Reichsbank's new high-speed printing presses. But Mr Greenspan's failings, although extending to monetary policy, were mainly in financial sector regulation, where his instinct was to rescue delinquent institutions without disciplining them. For the same reason an analogy with Arthur Burns does not work. Burns was Richard Nixon's Fed chairman. In the aftermath of the 1971 dollar devaluation he pursued untrammelled monetary expansion to boost Nixon's re- election prospects, thereby helping to kindle the global inflation of the 1970s.
政策制定者们的两种表面上看起来对立的倾向,很大程度上导致了此次manbetx20客户端下载 衰退。一种是过分相信市场,另一种则是过分相信自己。前者的代表人物是美联储(Fed)前主席艾伦•格林斯潘(Alan Greenspan),而后者的代表人物则是英国首相戈登•布朗(Gordon Brown)。格林斯潘已羞愧地承认了这一点,而布朗还没有认错。他们的失误一定程度上可能是个体心理学方面的问题,但同时也有着系统和知识上的渊源。进行历史比较,有助于深入理解这些问题。