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Open Thread: Greenspan's Follies
at 2008-07-28 12:07:50

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?



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