Former US Federal Reserve chair Alan Greenspan has died aged 100, his wife has said.
NBC News correspondent Andrea Mitchell said in a statement reported by her employer that her husband had died from complications of Parkinson’s Disease.
Mitchell’s statement said Greenspan was “a giant of a man who helped shape the US economy for decades under presidents of both parties, but was always honest in acknowledging his mistakes”.
His mistakes were monstrously huge of course. He firmly believed that free-markets would regulate themselves and pushed to decrease regulations. His naivety screwed over millions of people and sunk the countryinto a global recession. Even worse he presided over massive increase of wealth inequality that we have never recovered from.
https://www.nbcnews.com/id/wbna27335454
Not that it matters, because the effect is the same, but I wonder if he really did believe that stuff or if he did it knowing that it would facilitate a wealth transfer to the ultra-wealthy.
He was a true believer, no doubt about it. A cultist of the highest order, same as the entire Chicago school of economics. It makes it worse somehow.
And he was allowed to live to see 100. An unconscionable injustice.