Source: Ludwig von Mises Institute
by Connor O’Keeffe
“On Monday, Alan Greenspan died at age 100. The former Federal Reserve Chair spent eighteen and a half years at the helm of the central bank from 1987 to 2006—a total of five terms under four presidents. As with any death of a prominent figure, the news led many to reflect on Greenspan’s legacy and, in this case, debate how he stacks up with other Federal Reserve chairs. … this entire discussion is flawed. Because it rests on the false assumption that the Federal Reserve and all its intellectual backers in the political class can be taken at their word: that the Fed is an institution that is genuinely capable of and interested in bringing about a stable, growing economy, and, therefore, that a good Fed Chair is someone who simply manages the economy well. That is all a lie.” (06/24/26)
https://mises.org/mises-wire/greenspan-was-perfect-fed-chair-not-compliment