The Ayn Rand acolyte who ran the Fed for 20 years, dead at 100 (washingtonpost.com)
In 1996 he warned of "irrational exuberance" in the dotcom market; in 2008 he told Congress he was "shocked" that banks hadn't acted in their own rational self-interest. The man who coined the era's signature phrases also presided over the easy credit that critics blame for the crash that followed his exit.
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