Greenspan on Financial Crisis: "I Made a Mistake"
Former Fed Chair Admits to Flaw in Free Market TheoryProvided By: Associated Content, Inc.
At the end of the day economic theory is like any other discipline when overlaid with the human factor - it is more art than science. People operating in the real world often make common sense observations about the way 'markets behave' that defy and in fact are 'disproven' by certain economic theories.