Greenspan's rise to the top is one of the great scams of our time. His career is the perfect prism through which one can see the twofold basic deception of American politics: a system that preaches sink-or-swim laissez-fair capitalism to most, but acts as a highly interventionist, bureaucratic welfare state for a select few.
Greenspan pompously preached ruthless free market orthodoxy every chance he got while simultaneously using all the powers of the state to protect his wealthy patrons from those same market forces. A perfectly two-faced man, serving a perfectly two-faced state. If you can see through him, the rest is easy.
descensus Averno facilis est