Why Didn't the Fed Model Work?

Greenspan was like her protege, right? So this was a gold bug. How the hell did a gold bug get on the FOMC let alone to become the chair? See, the problem is once he became Fed chair, he just based on the idea of basically abandoned everything that he believed when he was younger. I mean, he obviously still believed it. That's one of the reasons that, you know, I still am most critical of Greenspan because he knew what he was doing was wrong and he did it anyway.