In an interview in conjunction with the release of his memoir, Alan Greenspan discussed a wide range of subjects: the increased role of bubbles in business cycles; the global roots of what he now acknowledges was a housing bubble; his advice to the Bush Administration that Saddam Hussein should be removed before he gained too much control over the world oil supply; Dick Cheney; and the benefits of introverted Fed Chairmen. “The Age of Turbulence: Adventures in a New World,” published by Penguin Press, is to be released officially today. (See related story.)
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