Greenspan's fall from grace

Riding Tokyo's subway system recently, I noticed a man scanning a newspaper cartoon of Alan Greenspa...

Riding Tokyo's subway system recently, I noticed a man scanning a newspaper cartoon of Alan Greenspan. It depicted the Federal Reserve chairman sitting Buddha-like, burning incense and stretching his arms up toward the sky. Gathered around him were a handful of hecklers, yelling complaints and hurling vegetables. Amusing for sure but the image was also a stark reminder that the Greenspan worship of yesterday has given way to an unprecedented torrent of criticism of the 75-year-old economist. From New York to Tokyo to Frankfurt, the talk is that Greenspan has lost his touch. He has b...