Greenspan on economic flexibility

In a speech on 'Economic flexibility' given on 26 January, Alan Greenspan of the Federal Reserve warned U.S. policy-makers worried about the loss of jobs not to heed calls for an increase in protectionist trade barriers, saying such a move could be "unexpectedly destabilizing" to the global economy.

"I remain optimistic that we and our global trading partners will shun that path," he said. "The evidence is simply too compelling that our mutual interests are best served by promoting the free flow

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