Letters: New Moneyman

To the Editors:

I am not a Wall Street broker or an economist or even very business minded, but I enthusiastically applaud Alan Greenspan's appointment to the chairmanship of the Federal Reserve ((ECONOMY & BUSINESS, June 15)). As a liberty-loving person, I must disagree with your characterizing Greenspan's statement the "welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of society" as an extreme economic view. I am praying that Greenspan has the continued courage and character necessary to resist tinkering with the lifeblood of the free market.

Tom Isenberg