Sunday, February 6, 2005

Greenspan on Adam Smith--February 6, 2005

Alan Greenspan gave a great tribute to Adam Smith! Fascinating!

FRB: Speech, Greenspan Adam Smith February 6, 2005 Some of the highlights:
"In the broad sweep of history, it is ideas that matter. Indeed, the world is ruled by little else. As John Maynard Keynes famously observed: "Practical men, who believe themselves to be quite exempt from intellectual influences, are usually the slaves of

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