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The number of comments disagreeing with his post certainly helps explain why we've gotten in such a mess.


To be fair, calling Alan Greenspan an advocate, let alone a practitioner, of laissez-faire economics is kind of like calling the pope an atheist.


Since he was one of the contributors to Capitalism: The Unknown Ideal (1966, http://www.amazon.com/dp/0451147952), one of the more influential laissez-faire manifestos of the late 20th century, I think it's fair to say that he was an advocate of laissez-faire economics during at least a portion of his life.


Ok, but the blog post was clearly referring to Greenspan's actions/statements during his tenure as Chairman of the Federal Reserve by which time his credibility as an advocate of laissez-faire was out the window.




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