who held the view that businesses should regulate themselves without government oversight?
Greenspan Concedes Error on Regulation âThis modern risk-management paradigm held sway for decades,â he said. âThe whole intellectual edifice, however, collapsed in the summer of last year.â Mr. Waxman noted that the Fed chairman had been one of the nationâs leading voices for deregulation, displaying past statements in which Mr. Greenspan had argued that government regulators were no better than markets at imposing discipline.