Adventures in a new world
by Alan Greenspan
2007, The Penguin Press , 507 pages
The defining moment for the world’s economies was the fall of the Berlin Wall in 1989, revealing a state of economic ruin behind the iron curtain far beyond the expectations of the most knowledgeable Western economists. Central planning was exposed as an unredeemable failure; coupled with and supported by the growing disillusionment over the interventionist economies of the Western democracies, market capitalism began to quietly displace those policies in much of the world. Central planning was no longer a subject of debate. There were no eulogies….—Page 12 Continue reading
