When we talk about the architects of modern American finance, few names pop up as frequently—or spark as much debate—as Alan Greenspan. Serving as the chair of the U.S. central bank from 1987 to 2006, the Greenspan Federal Reserve became synonymous with an era of sweeping economic shifts, dramatic market interventions, and a deeply held belief in the magic of free markets. Looking back at his tenure feels a bit like reading through an old family scrapbook: there are glorious pages of unprecedented growth, but also warning signs that we perhaps should have noticed sooner. Let’s take a casual, honest walk through the major decisions made during the Greenspan Federal…