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Thursday, April 8, 2010

Greenspan Defends Self before Senate Committee

“Former Federal Reserve chairman Alan Greenspan on Wednesday defended his stewardship of the U.S. economy in the run-up to the financial crisis, rebuffing accusations that regulatory and other failures by the Fed under his leadership were a major cause of the near-collapse of the financial system.” (Washington Post, Thursday)

The myth of regulatory competence exposed yet again.

FEE Timely Classic
“Was Money Really Easy Under Greenspan?” by David R. Henderson and Jeffrey Rogers Hummel