Hiltzik: Greenspan's Role in the Recession

Alan Greenspan, former Federal Reserve Chairman, died at age 100, prompting reevaluation of his legacy. While celebrated for maintaining economic stability during his tenure, critics blame his deregulation policies and the "Greenspan put" for fostering risky markets that contributed to the 2008 financial crisis. His adherence to libertarian principles, influenced by Ayn Rand, shaped his views on deregulation and the gold standard, but his later admission of policy flaws highlights the extensive economic damage associated with his policies.

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