Alan Greenspan As a Quintessential Figure Of Political Finance

On June 22, former Federal Reserve Chair Alan Greenspan passed away at his home from complications of Parkinson’s disease at the age of 100 Assessments of his legacy quickly split into two camps. One highlights his tenure at the Fed as an era of prolonged economic expansion, low inflation, low unemployment, and booming financial markets. The other notes his role in deregulating finance and tolerating asset bubbles, arguing he laid the basis for the 2007–2008 global financial crisis. Rest In Peace Your Excellency! The commentaries published by Bloomberg and The New York Times following his death largely stuck to these…