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?
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What Say Ye?

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