From the NYTimes
‘The Map and the Territory’ by Alan Greenspan (Binyamin Applebaum)
“The marked increase in risk taking of a decade ago could have been guarded against wholly by increased capital,” he writes. “Regrettably, that did not occur, and the accompanying dangers were not fully appreciated, even in the commercial banking sector.”
From the Wall St. Journal
Alan Greenspan: Where the Economy Went Wrong (Alexandra Wolfe)
Review: The Map and the Territory – WSJ.com (Burton Malkiel)
The views differ in thinking about “throwing money” at the problem versus other solutions. Certainly it does seem that the U.S. hasn’t lacked for capital, given the greater likelihood that investors around the world send their funds here.
Greenspan seems to have known where the Nobel Prize would land this year!
Other reviews and interviews:
BBC News – Greenspan fears US government set for more debt stalemate
The Map and the Territory, by Alan Greenspan – FT.com
Interview: Alan Greenspan, Author Of ‘The Map And The Territory’ : NPR
Greenspan’s ‘Map’ Is Clueless Trip Through Bubble Land – Bloomberg
Alan Greenspan still thinks he’s right – The Washington Post
Greenspan mulls roots of crisis he didn’t foresee – seattlepi.com
Brad DeLong : Reading Alan Greenspan’s “The Map and the Territory”: The Introduction
Brad DeLong : The Word “Clinton” Appears Twice in Alan Greenspan’s “The Map and the Territory”