Odd Lots: Why We Stopped Trusting Experts
Alan Greenspan, former chairman of the U.S. Federal Reserve and president and founder of Greenspan Associates.
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Every week, hosts Joe Weisenthal and Tracy Alloway take you on a not-so-random walk through hot topics in markets, finance, and economics.
One could argue that the word "expert" has become a bad word. People routinely roll their eyes at the advice of professionals and there's a deep mistrust of technocrats as highlighted by the rise of populist political candidates in the U.S. and Europe. Perhaps nowhere is this more clear, however, than at the Federal Reserve. In the 1990s, Fed Chairman Alan Greenspan was lauded as the author of the great economy. Today, the Fed is a political punching bag.
On this week's Odd Lots podcast, we speak with Sebastian Mallaby, the author of The Man Who Knew: The Life and Times of Alan Greenspan, about the former Fed chair, experts, and the huge changes at the central bank over the last couple of decades.