How the World Works: Alan Greenspan
Stephen Holmes, 22 May 2014
Among the once celebrated triumphs of Alan Greenspan’s eighteen and a half years as chairman of the Federal Reserve, three stand out. First, he responded nimbly and forcefully to a series of dangerous crashes (from Black Monday in October 1987 to the bursting of the dot-com bubble in 2000), injecting liquidity to calm the markets and arguably fending off recession. Second, along with...