Greenspan brought about the dotcom bubble burst by relentlessly raising interest rates until it happened, bigtime. Soon after, he began reducing rates to stop the entire US economy tanking totally.
If he had moved sooner, as the Fed is supposed to do, the bubble may have been less disastrous and the need to drop rates to save the economy unnecessary.
Frankly there should be mechanisms to make these mandarins accountable for what they have done.
