Why was the national security adviser meeting with the Fed chief?
A. Absolutely this is, I think, is going to be, unfortunately, a part of his legacy that he’s not going to like. That, yes, he was a good Fed chairman in many respects, but he made some mistakes. And I think one of the biggest mistakes that he made was becoming too close to the administration. If not to the point where it affected his job, and I can never prove that, but at least for appearance sake. Q. But it could be more than appearances; we had Greenspan opposing the tax cut A. He was actually against it in the fall of 2000 Q. But he did say there were issues, if you didn’t cut taxes, what you would do with that surplus and where would you invest it. He clearly had concerns. A. Yes, about the surplus Q. Then Bush wins, and he flip-flopped. And there have been other moments where he’s changed his views A. Yes, the [tax cut] was the big flip-flop. No one expected it. Especially from someone who went so all-out saying how we didn’t need the tax cut. As it turned out, with 9-11, it was
