The biggest sin that the Greenspan sainthood proponents must sweep under the rug is his failure to do anything about the stock market bubble. There are 3 questions here that the critics and worshippers must address: 1) Could it have been recognized? 2) Did it actually do the economy serious harm? 3) What could have been done? These questions are loosely touched on by a worshipper�s ((Daniel Drezner) review of a critic�s (Peter Hartcher) book in the Post book review section. The worshipper comes up seriously short in his assessment.
Alan Greenspan and the Stock Bubble
Limited Time! A Matching Gift Doubles Your Donation
A very generous supporter has offered to MATCH every donation between now and the end of March.
PLEASE ACT NOW TO HELP US MEET OUR GOAL
When you support the The American Prospect, your dollars go directly to our mission to cover concentrated corporate power, the financial industry, the labor movement, immigration, infrastructure, foreign policy, the disaster of neoliberalism, the climate crisis, and now, a global pandemic. If it matters in progressive politics, the Prospect is — and will be — on top of it. But only with your help.
Click here to choose your plan today. We can't do it without you.
