Did Alan Greenspan err?

Many, especially on Capitol Hill, find it convenient to blame Greenspan for the financial crisis from which we are barely emerging. The argument runs thusly: the combination of very cheap money policies and of deregulation so fervently adopted by Geenspan brought about the housing bubble, the subprime mess and assorted financial debacles. Is this line of thinking correct? Mr. Taylor, a friend of Mr.Greenspan thinks so, others, including, not surprisingly, Mr. Greenspan remain unconvinced by Mr. Taylor’s criticism of Mr. Greenspan’s policies. CNNMoney’s Geoff Colvin penned an interesting article (click here to read it) that summarizes the arguments on both sides of the debate in a cogent and articulate manner

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