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Alan Greenspan (/ˈælən ˈɡriːnspæn/; born March 6, 1926) is an American economist who served as Chair of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. First appointed Federal Reserve chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006, after the second-longest tenure in the position (behind William McChesney Martin).[1]
Greenspan came to the Federal Reserve Board from a consulting career. Although he was subdued in his public appearances, favorable media coverage raised his profile to a point that several observers likened him to a "rock star".[2][3][4] Democratic leaders of Congress criticized him for politicizing his office because of his support for Social Security privatization[5] and tax cuts, which they felt would increase the deficit.[6]
The easy-money policies of the Fed during Greenspan's tenure have been suggested by some to be a leading cause of the dotcom bubble and subprime mortgage crisis, which occurred within a year of his departure from the Fed, and have, said the Wall Street Journal, "tarnished his reputation."[7][8] Yale economist Robert Shiller argues that "once stocks fell, real estate became the primary outlet for the speculative frenzy that the stock market had unleashed".[9]
Greenspan came to the Federal Reserve Board from a consulting career. Although he was subdued in his public appearances, favorable media coverage raised his profile to a point that several observers likened him to a "rock star".[2][3][4] Democratic leaders of Congress criticized him for politicizing his office because of his support for Social Security privatization[5] and tax cuts, which they felt would increase the deficit.[6]
The easy-money policies of the Fed during Greenspan's tenure have been suggested by some to be a leading cause of the dotcom bubble and subprime mortgage crisis, which occurred within a year of his departure from the Fed, and have, said the Wall Street Journal, "tarnished his reputation."[7][8] Yale economist Robert Shiller argues that "once stocks fell, real estate became the primary outlet for the speculative frenzy that the stock market had unleashed".[9]
Alan Greenspan - Wikipedia
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A Conversation With Alan Greenspan
Alan Greenspan discusses the U.S. economy. Speaker: Alan Greenspan, President, Greenspan Associates, LLC; former Chariman, Federal Reserve The C. Peter McCol...
Thank you, my friend Maj Marty Hogan for making us aware that March 6 is the anniversary of the birth of American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006 Alan Greenspan who currently works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC.
Yes he was first appointed by my favorite modern President Ronald Reagan near the end of his second term.
Happy 93rd Birthday Alan Greenspan :-)
A Conversation With Alan Greenspan
Alan Greenspan, President, Greenspan Associates, LLC; former Chariman, Federal Reserve
"The C. Peter McColough Series on International Economics brings the world's foremost economic policymakers and scholars to address members on current topics in international economics and U.S. monetary policy. This meeting series is presented by the Maurice R. Greenberg Center for Geoeconomic Studies."
https://www.youtube.com/watch?v=HEBatQreSe8
Background from jewishvirtuallibrary.org/alan-greenspan
"Alan Greenspan was born on March 6, 1926, in New York City. He graduated from New York University with a B.Sc in Economics in 1948, and a M.A. in Economics in 1950. From 1948 to 1953, he worked at The Conference Board in New York City, as an economic analyst. From 1955 to 1987, he served as Chairman and President of Townsend-Greenspan & Co., Inc. In 1974, President Ford appointed Greenspan to chair the Council of Economic Advisors; he remained at this position until 1977. From 1981 to 1983, he chaired the National Commission on Social Security Reform.
Greenspan, a devoted follower of Ayn Rand, supports the concepts of free-market economics and opposes excessive government involvement in economic affairs. He continues to advocate laissez-faire capitalism and the gold standard.
On June 2, 1987, Greenspan was first appointed Chairman of the Board of Governors of the Federal Reserve by President Reagan. He continued to be reappointed for consecutive four-year intervals until his retirement on January 31, 2006. Greenspan was lauded for his handling of the Black Monday stock market crash that occurred very shortly after he first became chairman, as well as for his stewardship of the Internet-driven, "dot-com" economic boom of the 1990s. However, this expansion culminated in a stock market bubble burst in March 2000 followed by a recession beginning in late 2000 and continuing through 2002.
From 2001 until his retirement, he was increasingly criticized for some statements seen as overstepping the Fed's traditional purview of monetary policy, and viewed by others as overly supportive of the policies of President George W. Bush, as well as for policies seen as leading to a housing bubble. Greenspan was nonetheless still generally considered during that time to be the leading authority on American domestic economic and monetary policy, and his active influence continues to this day
In November 2005, President George W. Bush honored Greenspan with the Presidential Medal of Freedom, the highest civilian award in the United States.
Following his retirement as Fed chairman, Greenspan accepted an honorary (unpaid) position at HM Treasury in the United Kingdom. Greenspan now works as a private advisor making speeches and providing consulting for firms through his company, Greenspan Associates LLC. He has written his memoir titled The Age of Turbulence: Adventures in a New World.
Alan Greenspan has been married twice. His first marriage was to Joan Mitchell in 1952. The marriage ended in divorce one year later in 1953. In 1984, Greenspan began dating journalist Andrea Mitchell. Greenspan was 58 at the time, and the also once-divorced Mitchell was 20 years his junior, at age 38. They married in 1997."
FYI LTC Stephen C. LTC (Join to see) LTC Ivan Raiklin, Esq. Capt Seid Waddell Capt Tom Brown 1stSgt Eugene Harless SCPO Morris Ramsey SSgt Robert Marx SGT Mark Halmrast Sgt Randy Wilber SGT Michael Thorin Sgt John H. SGT Gregory Lawritson SP5 Robert Ruck CPL Dave Hoover SPC Margaret Higgins SSgt Brian Brakke SPC (Join to see)
Yes he was first appointed by my favorite modern President Ronald Reagan near the end of his second term.
Happy 93rd Birthday Alan Greenspan :-)
A Conversation With Alan Greenspan
Alan Greenspan, President, Greenspan Associates, LLC; former Chariman, Federal Reserve
"The C. Peter McColough Series on International Economics brings the world's foremost economic policymakers and scholars to address members on current topics in international economics and U.S. monetary policy. This meeting series is presented by the Maurice R. Greenberg Center for Geoeconomic Studies."
https://www.youtube.com/watch?v=HEBatQreSe8
Background from jewishvirtuallibrary.org/alan-greenspan
"Alan Greenspan was born on March 6, 1926, in New York City. He graduated from New York University with a B.Sc in Economics in 1948, and a M.A. in Economics in 1950. From 1948 to 1953, he worked at The Conference Board in New York City, as an economic analyst. From 1955 to 1987, he served as Chairman and President of Townsend-Greenspan & Co., Inc. In 1974, President Ford appointed Greenspan to chair the Council of Economic Advisors; he remained at this position until 1977. From 1981 to 1983, he chaired the National Commission on Social Security Reform.
Greenspan, a devoted follower of Ayn Rand, supports the concepts of free-market economics and opposes excessive government involvement in economic affairs. He continues to advocate laissez-faire capitalism and the gold standard.
On June 2, 1987, Greenspan was first appointed Chairman of the Board of Governors of the Federal Reserve by President Reagan. He continued to be reappointed for consecutive four-year intervals until his retirement on January 31, 2006. Greenspan was lauded for his handling of the Black Monday stock market crash that occurred very shortly after he first became chairman, as well as for his stewardship of the Internet-driven, "dot-com" economic boom of the 1990s. However, this expansion culminated in a stock market bubble burst in March 2000 followed by a recession beginning in late 2000 and continuing through 2002.
From 2001 until his retirement, he was increasingly criticized for some statements seen as overstepping the Fed's traditional purview of monetary policy, and viewed by others as overly supportive of the policies of President George W. Bush, as well as for policies seen as leading to a housing bubble. Greenspan was nonetheless still generally considered during that time to be the leading authority on American domestic economic and monetary policy, and his active influence continues to this day
In November 2005, President George W. Bush honored Greenspan with the Presidential Medal of Freedom, the highest civilian award in the United States.
Following his retirement as Fed chairman, Greenspan accepted an honorary (unpaid) position at HM Treasury in the United Kingdom. Greenspan now works as a private advisor making speeches and providing consulting for firms through his company, Greenspan Associates LLC. He has written his memoir titled The Age of Turbulence: Adventures in a New World.
Alan Greenspan has been married twice. His first marriage was to Joan Mitchell in 1952. The marriage ended in divorce one year later in 1953. In 1984, Greenspan began dating journalist Andrea Mitchell. Greenspan was 58 at the time, and the also once-divorced Mitchell was 20 years his junior, at age 38. They married in 1997."
FYI LTC Stephen C. LTC (Join to see) LTC Ivan Raiklin, Esq. Capt Seid Waddell Capt Tom Brown 1stSgt Eugene Harless SCPO Morris Ramsey SSgt Robert Marx SGT Mark Halmrast Sgt Randy Wilber SGT Michael Thorin Sgt John H. SGT Gregory Lawritson SP5 Robert Ruck CPL Dave Hoover SPC Margaret Higgins SSgt Brian Brakke SPC (Join to see)
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I just figured I'd !mention this, as I thought you all !might find it an interesting anecdote...my Mom had a friend from high school who, unusually, was one of his personal secretaries...how that happened, we never knew, however, when my Mom and Dad had gone to Wash, DC, to see my uncle, my Dad's younger brother at one point, they called my Mom's friend, who told them to drive over, she had them let in, went down to meet them, and brought them upstairs, the actually !et him as a result, when my Mom's female high school friend explained who my Mom and Dad were, and how she knew them, they actually got to shake his hand, I just figured you'd all find that a cute story, if nothing else...when we were all told about it afterward, we were all, my brothers and I, as well as the rest of our family, quite admittedly rather taken totally aback for quite some time thereafter, of course, as we'd all had no idea our Mom's friend was anywhere near that level, of course, you know?
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Capt Daniel Goodman
Sorry for typos, they actually met him as a result...my uncle was also quite high in civil svc at the time, which was why he actually also lived and worked there, albeit not in her group, something totally different, of course, though each knew of the other, obviously, as she was matron for my Mom when my Mom and Dad got married....
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Probably one of the few Chairmen of the Federal Reserve that most people would recognize.
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