their own proposals. In this way, Greenspans influence goes beyond his nominal powers as Fed chairman. In conclusion, I believe that Alan Greenspan has made a difference in the U.S. economy. His wisdom and patience have yielded good results with regard to inflation. Also, there is no longer split control over the economy between the Fed, on one hand, and Congress and the President, on the other. Alan Blinder, Greenspans former vice chairman said, Hes become the national economic guru on everything. (Chait 25)...
