Alan Greenspan
Alan Greenspan
Alan Greenspanis an American economist who served as Chairman 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...
NationalityAmerican
ProfessionEconomist
Date of Birth6 March 1926
CityNew York City, NY
CountryUnited States of America
When we see significant, dramatic changes ... we are skeptical as indeed we should be, ... bring together all of the facts we can marshal and the most sophisticated insights to explain those facts that we can.
Maybe he will act more to target inflation and be more strict
Ned says he is leaving the board to return to teaching, but I must point out that, in a sense, he never left teaching, ... He has been instructing us all along, and we at the board have been his willing students.
new innovations have begun to alter the manner in which we do business and create value, often in ways not readily foreseeable even five years ago.
New hires and recalls from layoffs... are far below what historical experience indicates, ... To a surprising degree, firms seem to be able to continue identifying and implementing new efficiencies in their production processes and thus have found it possible so far to meet increasing orders without stepping up hiring.
The critical issue should be how to strengthen the legal base of free market capitalism: the property rights of shareholders and other owners of capital, ... Fraud and deception are thefts of property.
The fact of the matter is, we do not have an unlimited amount of labor, ... the wealth effect cannot persist indefinitely.
The demand for new computer applications will no doubt continue to spur demand for those with the creativity and the higher-level conceptual skills that will enable us to increasingly harness technology to produce greater economic value,
As we prepare for the rollover, it is most important to keep in perspective just how far we have come in our Y2K preparations,
It seems persuasive that, given the size of the U.S. current account deficit, a diminished appetite for adding to dollar balances must occur at some point,
Derivative instruments were bystanders, ... They may well have intensified the losses in underlying markets, but they were scarcely the major players.
This period of sub-par economic growth is not yet over, and we are not free of the risk that economic weakness will be greater than currently anticipated, requiring further policy response,
It is risky, ... It's risky doing nothing. It's risky doing any other solution. ... I know no way to resolve this without risk.
For Hong Kong and Singapore, in fact, they have been able to realize the size of economy.