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GOVZ Diamond Holder- Warsh and Greenspan share a high degree of similarity in their belief in free markets and innovation.
- Both are optimistic about inflation and the productivity revolution, emphasizing economic flexibility.
- The market may go through three stages: valuation expansion, winner-takes-all, and valuations detaching from fundamentals.
Z 先生提到沃什和格林斯潘相似，早几天看到过一篇不错的帖子，复制粘贴给大家看看
最近在读格林斯潘的《动荡的世界》和《繁荣与衰退》，突然想到一个问题：Warsh 和 1999 年的格林斯潘，到底有多像？先说他们像的地方两个人有几个共同点是确实存在的。都偏自由市场，相信竞争和创新的力量远大于政府干预。都认为央行很难精准识别泡沫，主动刺破泡沫的代价往往高于事后救助，因此对资产价格上涨有更高的容忍度。都反对过度前瞻指引，更喜欢保留灵活性。最核心的相似点是对生产率革命的信仰...
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