Get a weekly dose of our best stories in your inbox.

Select list(s) to subscribe to

By submitting this form, you are consenting to receive marketing emails from the Washington Monthly
Posted inMagazine

Irrational Annoyance

Now in a new book called Bubble Man: Alan Greenspan and the Missing 7 Trillion Dollars, Peter Hartcher, the former Washington bureau chief for the Australian Financial Review, condemns Greenspan for the stock market crash of 2001. Greenspan’s failure to take the exuberance out of “irrational exuberance,” says Hartcher, had “dreadful consequences.” Contrary to traditional […]