"Mr. Greenspan is telling us that one cannot be too careful about this
millennium event. Probably very little will happen out of the ordinary, but
you never know. Half a trillion dollars should cover it; it's a fair piece
On the other hand, none of us living souls have had any prior millennium
experience, with or without computers. So one can't be too careful if one is
running the world's most important central bank. Which, by the way, is
really the planet earth's central bank.
This is Greenspan at his best. . . .
The Fed must not be stingy in accommodating foreign money inflows. If folks
need dollars, give it to them. The fate of our long wave of prosperity may
hang in the balance. . . ."