However beware the anointed authority; Greenspan was certainly that, and he denied the recession was coming, was already underway, and to this day has only grud

However beware the anointed authority; Greenspan was certainly that, and he denied the recession was coming, was already underway, and to this day has only grudgingly admitted that it happened. Krugman, among others, saw the danger early and tried to warn us.