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Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve

38 reviews
William Fleckenstein, Fred Sheehan

McGraw-Hill, 2008

Brilliant study of a failed system
In this fascinating book, financial journalist William Fleckenstein studies the record of Alan Greenspan, chairman of the Federal Reserve from 1987 to 2006. Between 1937 and 1987 there were no bubbles, but Greenspan helped to create two bubbles in ten years - in stocks and then in real estate - by holding interest rates too low, punishing savers. He helped to make the American people worse off ...

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