He Was Right

The Return of the Master
Robert Skidelsky
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.


The remainder of this article is only available to paid subscribers.

Print subscribers to Commonweal are entitled to free access to all premium online content. Click here to purchase a print subscription, or if you’re already a print subscriber, register now for premium access.

Online-only subscriptions provide access to all premium online articles for just $34/year or $2.95/month. Click here to subscribe.

Registered users, please log in below:

Or log in with...


About the Author

Charles R. Morris, a Commonweal columnist, is the author of The Two Trillion Dollar Meltdown (Public Affairs), among other books, and is a fellow at the Century Foundation.