CAPITALISM IN AMERICA: A History
Alan Greenspan and Adrian Wooldridge
Penguin
486 pages; $35
At age 92, Alan Greenspan remains a towering figure in American finance. He was the second-longest serving chairman of the Federal Reserve (after William McChesney Martin). Dubbed a “rock star” by The Economist, Mr Greenspan achieved an unprecedented level of celebrity for a Fed chairman as stocks soared to record levels in the 1990s, and then notoriety, as his legacy was undermined by the Great Recession that began in 2008, less than two years after he left office.
Mr Greenspan was appointed by Ronald Reagan in 1987 and reappointed