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Greenspan Exposed - Brief Article

Kiplinger's Personal Finance Magazine, Jan, 2001 by Sean O'Neill

EVEN not-so-exuberant followers of Alan Greenspan's career will relish the details served up by Justin Martin in Greenspan: The Man Behind Money (Perseus, $28), a biography of the man behind the horn-rimmed glasses.

Greenspan has been lionized among investors for keeping interest rates low at key times in the past decade. He bet that computerization and world peace had created a once-in-a-century jump in productivity that would hold inflation in check despite the booming economy.

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Martin would argue that Greenspan owes such flexible thinking to his diverse experiences as a Juilliard clarinetist, a disciple of Ayn Rand and a Wall Street consultant. But Martin draws the line at deification, giving equal space to the early 1990s, when the Federal Reserve chairman misread critical economic signals. Martin recounts events and leaves readers to decide for themselves how big a role Greenspan played in orchestrating the 1990s boom.

Financial Services Industry

Greenspan Exposed - Brief Article

Kiplinger's Personal Finance Magazine, Jan, 2001 by Sean O'Neill

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