The Questionable Legacy of Alan Greenspan

Thomas Palley

Challenge, 2005, vol. 48, issue 6, pages 17-31

Abstract: Alan Greenspan will retire soon, and many analyses, most of them swooning, will soon be upon us. This economist offers an original and perhaps lasting postmortem on Greenspan's reign. He believes that Greenspan has been responsible for a new business cycle whose foundation is financial boom and cheap imports. The resulting borrowing is not a basis for stable future growth.

Date: 2005

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