Open Thread: Greenspan's Follies

Sunday, July 27, 2008 | 06:30 PM

Our earlier look at Age of Turbulence as well as the criticism by Gramlich and Poole created a lot of very interesting comments. You folks (obviously) have some things to say about this.

Here's our Sunday night challenge: How much blame does Alan Greenspan deserve for all of the current mess we are in? What percentage of responsibility lay at his feet?

I weighed in on this when Greenspan retired 30 months ago (Myths of the Greenspan Era) -- but since then, a lot more evidence has come to the fore.

I want details: Specifically, what bad policy decisions, miscalculations, ideological foibles, and just outright poor judgment did Greenspan show over the course of 18 and a half years as Fed chair?


What Say Ye?

Sunday, July 27, 2008 | 06:30 PM | Permalink | Comments (60) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



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Greenspan made money cheap. Investors thought they could do better. New instuments, new ways of laying fees to up the return and pad the exercise. Should have he know how innovative WS could have become. I think not.

Lax lending led us down this road. Period. Greed led us down this road. Period.

Posted by: OnSideRestorationSucks | Jul 27, 2008 6:48:09 PM

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