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
create markets possible ultimately
It is possible to get markets which are too tight, which create inflationary imbalances and ultimately undercut the recovery,
animal believed create existence fact human nature qualities random replicate
I always believed in animal spirits. It's not their existence that is new. It's the fact that they are not random events, but actually replicate in-bred qualities of human nature which create those animal spirits.
aversion came created default economy-and-economics evolving learning ought process risk russian seeing structure time trauma works
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.
business capital community created economic endeavors existing experience five hour labor output past reflects resources rise stretch sure until value ways
Until we experience an economic slowdown, we will not know for sure how much of the extraordinary rise in output per hour in the past five years is attributable to the irreversible way value is created and how much reflects endeavors on the part of the business community to stretch existing capital and labor resources in ways that are not sustainable over the long run,
businesses create progress prosperity towards
China's progress towards prosperity and accession into the WTO will create new opportunities for American businesses and farmers,
alter begun business create five manner readily ways
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.
allowed create current financial flexible history proceed thereby
Should globalization be allowed to proceed and thereby create an ever more flexible international financial system, history suggests that current imbalances will be defused with little disruption,
created economies evolving job meet skills urgent workers
This diminishing of opportunities for such workers is why retraining for new job skills that meet the evolving opportunities created by our economies has become so urgent a priority,
accounting corporate created current effective effects evaluation further highly incentives options perverse properly quality
In principle, stock-option grants, properly constructed, can be highly effective in aligning corporate officers' incentives with those of shareholders, ... Regrettably, the current accounting for options has created some perverse effects on the quality of corporate disclosures that, arguably, is further complicating the evaluation of earnings.
create creates economy economy-and-economics enhance growth higher modest quantities rate serious standards
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.
creates exchange markets moving prevent rates realize sorts work
I realize what that does to competitiveness, but that's the way markets work efficiently. In other words, to prevent the exchange rates from moving creates all sorts of distortions.
initiative produced senate
I thought that the initiative that the Senate produced was very important and very effective,
continue country enable federal fit four honored privilege saw senate serve
It has been an extraordinary privilege to be able to serve my country at the Federal Reserve, and I would be honored if the Senate saw fit to enable me to continue this association for another four years,
becoming business cycle deny difficult emerged profoundly recent
It is becoming increasingly difficult to deny that something profoundly different than the postwar business cycle has emerged in recent years,