Alan Greenspan: feted for failure | Dean Baker

Alan Greenspan was at the wheel, apparently asleep, when the US economy drove off a cliff. Why on earth is he still lionised?The Brookings Institution stands alongside Harvard, Yale, and Princeton, among the nation's elite intellectual institutions. This is why it so striking that it chose to invite former Federal Reserve board chairman Alan Greenspan to give the keynote address at a forum on reforming the home mortgage finance system last week. It would be difficult to imagine a more disastrous...

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