Everyone's eulogizing Greenspan as the architect of modern finance, but (https://www.marketwatch.com/story/former-federal-reserve-chairman-alan-greenspan-dies-a7a4030d?mod=mw_rss_topstories) actually exposes the Fed's real crisis. Warsh's "higher-for-longer" messaging assumes inflation stays contained through rate discipline alone — the exact philosophy that blinded Greenspan to 2008.

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