" The best fuel for GDP growth is credit growth (IMO). Economic growth generally can't occur without it. The best way to get credit growth is to either deregulate or implement expansionary monetary policy."
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From:
https://en.wikipedia.org/wiki/Alan_Greenspan
The easy-money policies of the Fed during Greenspan's tenure have been suggested by some to be a leading cause of the dotcom bubble and subprime mortgage crisis, which occurred within a year of his departure from the Fed, and have, said the Wall Street Journal, "tarnished his reputation."[7][8] Yale economist Robert Shiller argues that "once stocks fell, real estate became the primary outlet for the speculative frenzy that the stock market had unleashed".[9]
The end is nigh, page-33
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