Federal Reserve chief Alan Greenspan, a former disciple of ultra-libertarian author Ayn Rand, is courting the Clintons, who are beginning to value his economic advice. He even termed the administration's deficit-cutting measures as "credible." Mr Greenspan defines price stability as inflation so low that it can be ignored because it no longer interferes with the microeconomic role of relative prices in guiding resource allocation. Greenspan maintains a low profile in Washington, although he is dating NBC reporter Andrea Mitchell. The Clinton campaign has been trying for months to get its message out about how much it values free market economics. He successfully maneuvered through the recession with many, small, interest cuts, but as the US economy flourishes he is being criticized for his gradual interest increases. Greenspan still has the respect of Wall Street and no credible successor for 1996 has yet appeared.
Federal Reserve chief Alan Greenspan, a former disciple of ultra-libertarian author Ayn Rand, is courting the Clintons, who are beginning to value his economic advice. He even termed the administration's deficit-cutting measures as "credible." Greenspan maintains a low profile in Washington, although he is dating NBC reporter Andrea Mitchell. The Clinton campaign has been trying for months to get its message out about how much it values free market economics. He successfully maneuvered through the recession with many, small, interest cuts, but as the US economy flourishes he is being criticized for his gradual interest increases. Greenspan still has the respect of Wall Street and no credible successor for 1996 has yet appeared.