The Reckoning : Taking Hard New Look at a Greenspan
Over the years, Mr. Greenspan helped enable an ambitious American experiment in letting market forces run free. Now, the nation is confronting the consequences. Full Story »
Posted by Julian Friedland - via Publish2 (Business)



Both Bill Clinton and George W. Bush encouraged Greenspan's libertarian unregulated policies because they predicted low inflation and high growth--a prescription for a market that has to be manipulated to live up to its dividends and derivatives.