Alan Greenspan's Bad Memory

Steven Pearlstein reviewed Alan Greenspan's new book in the Washington Post today. He is far too generous to the former Maestro.

Pearlstein tells readers:

"Like Fred Astaire on the dance floor, Greenspan glides through the list without the slightest sign he might have had something to do with those developments. What he does remember is that during his watch, the markets and the economy quickly recovered after asset bubbles burst — in 1987 (junk bonds) and again in 2001 (dot-com). Based on th...