What he's shown is that you can have full employment and low inflation at the same time. The Keynesian school didn't believe that, but Greenspan showed that it could be done.

They'll want to see him tested, ... Greenspan had, in a sense, the good fortune that there was a crisis (Black Monday, Oct. 19, when the Dow lost more than 20%) within the two months of the time he acceded to the chairmanship, and he handled the crisis very well. That established him in the market as a credible chairman.

He had to agree to it and accept it and believe in it.

The name that's on the economy is Greenspan. If you want to step back and say Gore's responsible, it's hard to make that connection.

He's staying with the position he had before. There are local bubbles but no national bubble.

I don't think that you can set policy according to possible contingencies that may occur, but about which you have no information.