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Alan Greenspan

There's a new article out in The Atlantic that suggests maybe we can't blame the housing bubble on Alan Greenspan and his low interest rates (or, as the article states, 'it's not true that these low rates meant monetary policy was excessively loose). But then, over on the Matrix blog, Jonathan Miller has responded with a post eye-catchingly titled: Housing Bubble History Re-Write Has Officially Begun. Check them both out for a point/counterpoint analysis. [Atlantic; Matrix]