[quote]Greenspan, Born says, believed the market would take care of itself.[/quote]
Yes, the market would take care of itself 99% of the time, but it won’t if the Fed keeps interest rates too low for too long, or if the government is ready to bail out irresponsible mega banks, or if monstruosities like Fannie and Freddie seriously distort what otherwise would be a free-market economy.
