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Greenspan Worries That ‘Crazies’ Will Undermine the U.S. System

  • Former Fed chief doesn’t spell out whom he is referring to
  • Says economic and political environment is worst he’s seen
Alan Greenspan

Alan Greenspan

Photographer: Andrew Harrer/Bloomberg

Former Federal Reserve Chairman Alan Greenspan voiced concern that the U.S. economic and political system could be undermined by what he called “crazies.”

“It is the worst economic and political environment that I’ve ever been remotely related to,” Greenspan, 90, told a conference in Washington Tuesday evening sponsored by Stanford University and the University of Chicago.