Episode Details

Alan Greenspan, the legendary Fed chair who shaped America’s economy for 18 years, died at 100—leaving behind a legacy of soaring growth and devastating crashes. Praised as the greatest central banker ever when he retired in 2006, his tenure spanned five presidencies and included triumphs like the 1990s boom, but also crises: the 1987 crash, the 1994 bond market turmoil, and the near-collapse of Long-Term Capital Management. He famously warned of “irrational exuberance” in 1996 but chose not to act. Yet critics now blame him for enabling the 2008 financial meltdown by championing deregulation and ignoring risky lending that fueled the housing bubble. His legacy? A rollercoaster of brilliance and blunder, where the best and worst of times collided under his watch.

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