http://en.wikipedia.org/wiki/The_Age_of_Turbulence From wiki: "On free market capitalism In Greenspan's view, free market capitalism is the economic approach that "trumps" other forms attempted thus far in human history. His support of Adam Smith's "invisible hand", i.e., people's motivational self-interest, is foundational to his view of creating a successful, growing economy. He discusses the rapid historical growth of the U.S. economy under market capitalism as well as its benefit to foreign adopters, albeit with persistent dis-functions. His support for market capitalism is not without criticism. This includes the anxiety often expressed within a society as "creative destruction" plays out. Greenspan also decries the lack of quality public secondary education for the "masses", particularly in mathematics and the sciences, and how this problem contributes to the divergence of rich and poor within the U.S." I'm half way through Alan Greenspan's memoirs. He makes a good case for capitalism and against any kind of one world government.From his description he makes the case that Fed is a useful and necessary outfit. I can't see how giving Congress direct control of our national bank would be an improvement. Maybe Satan has learned as from last 100 years of history as Greenspan has.