Of course it is. Too much prosperity is bad for the loan business.
And the prime mechanism of wage-fixing today is oversupply of the US labor force via mass immigration.
“Our skilled wages are higher than anywhere in the world,” he said. “If we open up a significant window for skilled workers, that would suppress the skilled-wage level and end the concentration of income.“
Smells like communism to us.
Wage-fixing is a federal crime.
So why is Mr. Greenspan still waking around free?