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
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