Greenspan’s faith in capitalism had taken a severe beating. “I have found a flaw. I don’t know how significant or permanent it is. But I have been very distressed by that fact.”10 When a congressman asked him if he had been misled by his own ideas, Greenspan replied, “That’s precisely the reason I was shocked because I’d been going for 40 years or so with considerable evidence that it was working exceptionally well.”
Capitalism manufactures its own evidence, it does not uncover it as science does.
