Chomsky on Greenspan 's ''Ensuring Greater Worker Insecurity'' [View all]

[Ichingcarpenter]

From the NY times 1997

Job Insecurity of Workers Is a Big Factor in Fed Policy
By LOUIS UCHITELLE
Published: February 27, 1997

For months now, the Federal Reserve has been poised to raise interest rates, but has held off. Why?

The answer lies mainly in what the Fed's chairman, Alan Greenspan, describes as a powerful recent force in the American economy: job insecurity. In his testimony to Congress yesterday, he clearly elevated this insecurity to major status in central bank policy...............



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http://www.nytimes.com/1997/02/27/business/job-insecurity-of-workers-is-a-big-factor-in-fed-policy.html



Chomsky's comment in 1997 about Greenspan's testimony