The Return of the Master
PublicAffairs, $24.95, 256 pp.
Former Federal Reserve Chairman Alan Greenspan was hauled before a Congressional Committee last year to explain why he had been blindsided by the global financial cataclysm. To his credit, he didn’t duck the question, although his reply was a hall-of-fame understatement. It seems, he said with welling eyes, that there had been “a flaw” in his model of the financial economy.
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