Alan Greenspan: It's the Gen-Xers Fault They're Out of Work You all remember Alan Greenspan as the worst Fed Chairman in modern history, and architect of the housing bubble. Well, since then he has admitted that the core philosophy of the Chicago School concerning deregulation was dead wrong. [ame="http://www.youtube.com/watch?v=bAH-o7oEiyY&feature=related"]Greenspan chastened[/ame] And now he returns to chastise Gen-X! Nevermind that 25-year-olds are not actually Gen-Xers but millenials. Nevermind that average income remains a poor stand-in for productivity (as if workers controlled their salaries, especially in an employer's market). Nevermind that the US is handicapped in international match-ups because of the vast numbers of non-native English speakers within its public schools. Nevermind that baby boomers are staying at work longer and aren't being replaced at all, and that's the crux of the problem. Alan Greenspan will not depart from the corporate-financial elite's rhetoric, the shame of and error of his deregulatory ideology be damned.