THE former chairman of the US Federal Reserve was once a hero. Now he is being called a villain. Yet it is too soon to be sure what history will say about him.
In a superb new book, the product of more than five years' research, Sebastian Mallaby helps history make up its mind about Alan Greenspan, the man hailed in 2000 by Phil Gramm, a former senator, as "the best central banker we have ever had", but now blamed for the financial crisis of 2007-08.