Alan Greenspan's Day of Tears

Did America embrace markets too tightly?


At the new New York Times econ blog Economix, writer David Leonhardt writes this about Alan Greenspan's meaculpa on Capitol Hill:

Over the last 30 years or so years, the world has been deeply influenced by a laissez-faire economic philosophy, which has shifted the world toward an embrace of markets. And markets certainly do many things very well.... But it certainly seems as if this country, at least, went too far toward laissez-faire economics.

Me: Other than Wall Street, what other industries does Leonhardt want to reregulate? Communications? Transportation? Does he want tax rates back up to 70 percent and not indexed for inflation? Does he want to scrap NAFTA? I want to hear more!