Greenspan had a soft gold standard in the 80 and 90s which was the era that Cain referred to. The not Bernack.
Greenspan did go soft after the iraq war.
Greenspan’s easy-money policies created the dot com bubble in the 1990s. And after that boom went bust, in order to soften the recession, he eased up on credit even more. And all that went into the housing market, creating yet another bubble.
They say that everybody — Wall Street, Main Street — got drunk with greed. But the real question is, Who provided the alcohol?