Greenspan's Humility

Washington Post Op-Ed columnist David Ignatius makes some interesting points in Wednesday's paper about Greenspan's willingness to admit when he's wrong:

Fed Chairman Alan Greenspan has been an unusual figure in Washington because of his willingness to admit that he doesn't have all the answers. In that state of uncertainty, Greenspan developed an economic approach that he described in a farewell speech last weekend as "risk management." I wish more of our cocksure politicians and analysts shared his humility.

Find Ignatius' entire column at this link.

— The Boy in the Big Housing Bubble