Committee to Save World Repudiated by Successors

In 1999, Alan Greenspan, Robert Rubin and Lawrence Summers were celebrated as “The Committee to Save the World” on the cover of Time magazine. Today, their successors are still picking up the pieces.

The three were hailed as the brightest economic minds of their generation, whose free-market solutions quelled the Asian financial crisis while generating economic growth of almost 5 percent in the U.S.