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
is larger than that of Japan, and may be approaching half the size of the American economy.
profound implications for the free world's trading system and the long-term growth potential of the American economy.
the amount of rate cuts required to revive the economy will not be deep.
The addition of the Chinese economy to the global marketplace will result in a more efficient worldwide allocation of resources and will raise standards of living in China and its trading partners,
Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
Whatever you tax you get less of.
Despite some of the risks that I have highlighted, the U.S. economy seems to be on a reasonably firm footing, and underlying inflation remains contained,
a distinguished appointment. Ben comes with superb academic credentials and important insights into the ways our economy functions.
We are seeing an evolving new international economy. We are in the process of learning how it works as we are doing it, ... Fortunately, the trauma that came out of the Russian default created so much risk aversion ... we probably have time to be deliberative in determining how the (international monetary) structure ought to be structured.
in modest quantities does enhance the rate of growth of the economy and does create higher standards of living, but in excess, creates very serious problems.
The economic fundamentals remain firm, and the U.S. economy appears to retain important forward momentum,
The economy suffered significant shocks in late summer and early autumn,
The growing stability of the world economy over the past decade may have encouraged investors to accept increasingly lower levels of compensation for risk.
The type of economy that we are dealing with at this particular stage is, I suspect, one that none of us has seen before, and indeed it may be unprecedented in our history, ... Our basic purpose is to keep that process going.