Alan Greenspan in his latest writing still refuses to perceive and/or own up to the FED’s and his responsibility for the housing bubble. By contrast, Lincoln’s Treasury Secretary, Salmon P. Chase, admitted his error on legal tender after he became Chief Justice of the Supreme Court. In Hepburn v. Griswold 75 U.S. 603 (at 625-626), he wrote: “The time was not favorable to considerate reflection upon the constitutional limits of legislative or executive authority. ..Some who were strongly averse to making government notes a legal tender felt themselves constrained to acquiesce in the views of the advocates of the measure. … Continue reading Alan Greenspan Is No Salmon P. Chase