Alan Greenspan: champion of neoliberal finance
The article reflects on the legacy of former Federal Reserve Chair Alan Greenspan, characterizing him as a champion of neoliberal finance and market deregulation. It critiques his role in the 'Great Moderation' and his support for repealing the Glass-Steagall Act, which the author links to increased financial instability.
Why it matters
Greenspan's policies shaped modern global finance, and this analysis provides a critical perspective on the long-term consequences of his deregulation efforts.
With the passing of Alan Greenspan , an era is over. Greenspan was at the helm of the Federal Reserve (the Fed) in the United States between 1987 and 2006, the second longest chair in the Fed’s history. He presided over what is considered to be the period of “Great Moderation” — low inflation with relatively stable growth — in the U.S.
The article uses critical language regarding neoliberalism and deregulation, reflecting a specific economic viewpoint.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in