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McTeer commencement address to economics graduates

In his 'Commencement Address to Economics Graduates' Bob McTeer of the Federal Reserve Bank of Dallas said Alan Greenspan is an excellent example of someone making a big difference by applying good economics. I'll just remind you how much the inflation/ unemployment misery index has declined during the Greenspan years, he said. He told the graduates, "life is like a roll of toilet paper. The closer you get to the end, the faster it goes".

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