Alan Greenspan Assesses the Economy, Talks Inflation Fears, Says Recovery Hinges on Home Prices

Greenspan: the US must reduce “its budget deficits and monetary base as soon as the current risks of deflation dissipate,” or deal with surging inflation. “Even absent the inflation threat, there is another potential danger inherent in current US fiscal policy: a major increase in the funding of the US economy through public sector debt.”