Market Power

Musings by an academic economist on the power of markets and the power over markets.

Thursday, November 18, 2004

Creation of a Legacy

There is an excellent article (subscription required) in today’s Wall Street Journal about Alan Greenspan and the legacy he is leaving. It’s the first of a two-part series. We are discussing the role of the Federal Reserve in my Principles of Macroeconomics class right now, and this article fits perfectly into what we’re talking about right now.