New Fed Chair Kevin Warsh must critically evaluate Alan Greenspan's legacy, avoiding a misinterpretation of the 'Maestro's' era. While Greenspan oversaw prosperity, his policies fostered excessive risk-taking, leading to the 2008 crisis. Today's economic landscape, marked by above-target inflation, AI's initial demand shocks, geopolitical instability, and shifting demographics, starkly contrasts Greenspan’s disinflationary period. The author warns against applying Greenspan's playbook, noting that his communication style and minimal-regulation ideology are inappropriate for current challenges. Warsh must navigate a profoundly different world, as Greenspan’s methods now risk exacerbating inflation and economic instability.