Writes Stefan Karlsson: Even as Greenspan is condemned and blamed for the economic crisis, not just at the Ludwig von Mises Institute but also at the Ayn Rand Institute, the “libertarian” Cato Institute now rushes to his defense (nor is this the first time Cato praises Fed policy )and argues that Greenspan pursued a “tight” (!?!) monetary policy and so can be credited with low inflation and a dampening of the business cycle. Read the rest.