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You’re reading Dispatch Markets, a weekly newsletter on economics featuring Scott Lincicome, Kyla Scanlon, Karl Smith, and Marian Tupy. To access more Dispatch reporting and analysis, become a member today.
Welcome to Dispatch Markets! For most folks today, the name Alan Greenspan, if they recognize it at all, evokes the free-market absolutism that was in vogue at the turn of the 21st century, as well as the devastating financial crisis that brought that era of thinking to an end. I can accept that. There is more than a little truth even in that simplified narrative. All the same, it's worth remembering that he was not nicknamed "the Maestro" for nothing.
We are in the midst of a technological race with China that may determine the fate of the free world. We must remember how the U.S. cemented its lead in the first place if we are to retain it. And that will require a bit of rehabilitation of Greenspan and the boom he helped make possible.
