Alan Greenspan: How The Once And Former Goldbug Became The Maestro, Part 2

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Upon his unfortunate appointment as Fed Chairman in August 1987, Alan Greenspan did not remotely follow the advice of his famous 1966 essay on the gold standard and the public finances. That is to say, he did not do what by that point was urgently necessary and storm into the Fed looking to shutdown its printing presses and restore the sound money finan…