Greenspan is interesting to me because although he seems to have started this whole low-interest paradigm, he was once an ardent supporter of a gold standard in 1967. It's a short paper, worth looking up.
So I wonder, how did he go from "fiat schemes exist only as a means for welfare statists to infringe on property rights" to being in charge of interest rate intervention?
So I wonder, how did he go from "fiat schemes exist only as a means for welfare statists to infringe on property rights" to being in charge of interest rate intervention?