We Face a Whole Different Kettle of Fish Crisis

During the second-half of his reign as Federal Reserve chairman, Alan Greenspan became fond of trumpeting the US economy's newfound resiliency. This was a theme peppered throughout his Age of Turbulence memoir, published in the pre-crisis year 2007. Greenspan cited computer and telecommunications technologies; monumental productivity advancements; a flexible workforce; the financial system's superior capacity to effectively invest limited savings; and, of course, enlightened policymaking.