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Exit Greenspan, the Economist’s Rock Star
February 4th, 2006
This past week, Alan Greenspan stepped down after 18 years as Fed Chairman. This was not only a story that was on the front page of the business sections, it was on the front page of the newspapers and one of the lead stories on the nightly newscasts. The Great Greenspan had steered the country through crises, and was now riding off into his emeritus sunset, a true economic hero.
I believe that Greenspan was the last, great Fed Chairman in the traditional mold. The definition of success has changed. Bernanke, and those that will follow him, have a new dynamic …