History will remember Chairman Greenspan

By reacting forcefully from 2001 onwards, Alan Greenspan prevented the Federal Reserve from making a third big blunder and set the stage for the current turnaround, this article says. "The Fed can never deliver the economy into paradise but can, through well-intentioned mistakes, push it into purgatory. If Greenspan has prevented that, people may not notice now - but history will," it concludes.

First published by The Business Times, 15 December 2003.

It may ultimately be said of Alan Greenspan

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