All Commentary
Friday, March 19, 2010

Greenspan Favors More Regulation

“Is Alan Greenspan, famous for his libertarian leanings and hands-off approach to Wall Street, having some second thoughts? After more than six decades as a skeptic of big government, the former Federal Reserve chairman, now 84, is gingerly suggesting that perhaps regulators should help rein in giant financial institutions by requiring them to hold more capital.” (New York Times, Friday)

The same Alan Greenspan who ran the government-banking cartel for two decades?

FEE Timely Classic
“Commercial Banking in a Free Society” by Steven Horwitz