Former Federal Reserve Chairman Alan Greenspan told a National Press Club Book Rap Nov 6 that his new book, "The Map and the Territory: Risk, Human Nature, and the Future of Forecasting," is a detective story.
Greenspan said that he wanted to discover “step-by-step” how the crisis happened. He started out by believing human rationality would prevail. He began his examination by asking whether this was true.
“I gradually proved to myself that it was wrong,” Greenspan said. “It is an interesting experience to look yourself in the mirror and say you are wrong.”