Greenspan's version of econonomics escapes me.... the fed brought on the recession that President Bush inherited in '01, by raising interest rates in error, and they are trying their darndest to do the same thing now... like they can't STAND to have prosperity with minimal inflation.....
Energy prices and their effect on food and other goods should be in a separate category unless the government plans to put cost controls in place (I'm not advocating that BTW)....
Greenspan considers good unemployment numbers inflationary, without considering the increasing productivity.
The media propped him up, knowing he would harm the economy.
They just didn't count on President Bush winning the tax cut war.