Linda Diebel
Does Greenspan owe us all an apology?
What if, U.S. economist James Galbraith suggested in 1994 when Alan Greenspan was a rock star and regulation a dirty word, the Federal Reserve didn't know what it was doing?
In an article that year for the liberal journal American Prospect, Galbraith, professor at the University of Texas and son of Canadian-born economic icon John Kenneth Galbraith, compared the workings of the U.S. central bank to fantasy:
"This is the Wizard of Oz theory, in which we pull away the ...
Linda Diebel, an award winning political reporter, has worked across Canada, including on Parliament Hill and as the Star's bureau chief in Washington and Latin America.
