Greenspan’s Ideological Slide: From Free Markets to Central Banking

Alan Greenspan in 1975 (AP)

With one of the longest tenures in Federal Reserve history, chairman Alan Greenspan presided over a largely flourishing economy, prompting the longtime nickname ‘Maestro’ and enduring through a rotation of six different presidents, a carousel of both democratic and republican personalities. Despite early acclaim as a financial prodigy of sorts, Greenspan’s overall legacy…