Greenspan defends position on free market
Alan Greenspan, a former chairman of the Federal Reserve, has refuted claims that his comments on the recent failures in financial markets are in any way a repudiation of the laissez-faire view he followed under his mentor Ayn Rand that markets can be trusted to police themselves.
In an interview with ABC News last Sunday, the interviewer drew on comments made by Greenspan to Congress on the failings of regulatory practices, remarking on what the former Fed chairman described at the time as a
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