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
The system worked. Moreover, following September 11, 2001, we found that the Y2K preparations and fixes had far-greater reach than we had realized,
The system was holding up ... the American economy kept getting battered and battered and battered and it was still standing and indeed, as of Sept. 10, it was still standing,
Somewhat to my surprise, this came out as a far more robust relationship, indicating the greater the deficit, the greater the long-run interest rate,
Technology is also damping upward price pressures through its effect on international trade,
Every citizen, every citizen must count for opportunities and must be counted for our nation's well being, ... How well we prepare our resources in this area will show in how well prepared we are as a country.
As the value of assets and liabilities have risen relative to income, we have been confronted with the potential for our economies to exhibit larger and perhaps more abrupt responses to changes in factors affecting the balance sheets of households and businesses,
As I see it, heightened job insecurity ... explains a significant part of the restraint on (wages), and the consequent muted price inflation, ... Surveys of workers have highlighted this extraordinary state of affairs.
At some point, labor market conditions can become so tight that the rise in nominal wages will start increasingly outpacing the gains in labor productivity, and prices inevitably will then eventually begin to accelerate,
At present, the Social Security trustees estimate that the unfunded liability over the indefinite future to be $10.4 trillion, ... The shortfall in Medicare is calculated at several multiples of the one in Social Security.
A significant amount of consumption is driven by capital gains on some combination of both stocks and residences,
Concentration and other risks in holding dollar balances seem to have become a consideration at least for some investors,
difficult to suppress growing market exuberance when the economic environment is perceived as more stable.
could certainly meet the fundamental criteria of being simple, fair, and pro-growth.
could prove destabilizing to our financial system as a whole and in the end could seriously diminish the availability of home mortgage funds.