Huszar: “I think the Greenspan legacy is a fascinating topic for the Fed. If you are going to ask me what my No. 1 take on the Greenspan chairmanship is, it’s that he was in the seat (of power as head of the Fed) way too long — 19 years. I think we saw a pretty dramatic shift over time in the way he actually managed the Fed.
Much of the consequences of what happened in the first decade of the 21st century, as well as QE, is directly related to decisions he made. … I think that because Greenspan was in that seat for so long he lost perspective, and I think his legacy going forward will be a quite negative one….
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