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
I wasn't able to do much reading when I was chairman of the Reserve Board. The workload was too large, and the luxury of reading was not available to me. So I caught up a good deal when I left office.
I do not understand where the backing of Bitcoin is coming from. There is no fundamental issue of capabilities of repaying it in anything which is universally acceptable, which is either intrinsic value of the currency or the credit or trust of the individual who is issuing the money, whether it's a government or an individual.
I was sort of shocked when it all of a sudden turned out that I got all A's through college, with the exception of two B's in the first term. I never envisaged myself as summa cum laude.
The only thing that was economic, I might say, about my music career, aside from the fact that I did everybody's tax returns in the band, was the decision I made to leave the music business on economic grounds.
Increased jobs are the consequence of increased trade. Increasing jobs more than output implies a fall in productivity and standards of living. That surely cannot be our goal.
There's no other job in public life that is like chairman of the Fed.
There is a limit to how much the United States Treasury can borrow.
The purpose of a politician is to be a leader. A politician has to lead. Otherwise he's just a follower.
The problem is you cannot have free global trade with highly restrictive, regulated domestic markets.
Since 1948 I have spent every single day thinking how the economic and political worlds have changed.
One of the major problems with China is that its innovation is largely borrowed technology.
I've always considered myself more of a mathematician than a psychologist.
The culture of Greece is not the same as the culture of Germany, and to fuse them into a single unit is extremely difficult.
It is very difficult to predict when a bond crisis could happen.