Alan Greenspan

Sebastian Mallaby published a book after more than five years of research, providing a comprehensive analysis of Alan Greenspan's impact on the economy and his complex persona, challenging the simplistic narratives of his genius and blame for the financial crisis.

Alan Greenspan, the renowned economist, was born on March 6, 1926. He had a significant impact on the Federal Reserve and the global economy.

Alan Greenspan, an American economist who served as chairman of the Federal Reserve, was born in 1936.

Alan Greenspan graduated from New York University with a B.Sc in Economics in 1948.

Alan Greenspan studied economics at Columbia University in the early 1950s under Arthur Burns, who had a significant influence on his academic and professional development.

Alan Greenspan married Joan Mitchell in 1952, but their marriage was annulled in 1953.

From 1948 to 1953, Alan Greenspan worked at The Conference Board in New York City as an economic analyst.

From 1954 to 1974 and from 1977 to 1987, Alan Greenspan was chairman and president of Townsend-Greenspan & Co., Inc., an economic consulting firm in New York City. This role allowed him to contribute significantly to economic analysis and consulting.

In 1967, Alan Greenspan advocated for a return to the gold standard in monetary policy in his essay 'Gold and Economic Freedom,' which contributed to his reputation for being hawkish on inflation.

Alan Greenspan began advising on domestic policy issues under Republican President Richard Nixon, marking the start of his involvement in shaping U.S. economic policies.

In his youth, Alan Greenspan was influenced by the libertarian writer Ayn Rand, and he criticized the creation of the Federal Reserve System as a historic disaster.

On August 8th, 1974, Alan Greenspan had his confirmation hearing for the Council of Economic Advisors. The Council of Economic Advisors is a small economic consulting operation with the President of the United States as its only client. Greenspan's close relationship with President Gerald Ford gave the organization more influence than historically expected.

Donald Rumsfeld recommended to Gerald Ford to renew the nomination of Alan Greenspan as the chairman of the Council of Economic Advisors.

In 1977, Alan Greenspan returned to New York University and earned a doctorate in economics.

While working for Nixon and subsequent Republican presidents, Alan Greenspan shifted from his earlier ideology, becoming a more pragmatic figure and opposing radical supply-side economic policies during the Reagan administration.

From 1981 to 1983, Alan Greenspan served as chairman of the National Commission on Social Security Reform. This role allowed him to contribute to significant policy discussions and reforms related to social security.

In 1984, Alan Greenspan served as a member of the Group of Thirty, a financial advisory group.

On June 2, 1987, Alan Greenspan was appointed as the Chairman of the Board of Governors of the Federal Reserve by President Reagan. He was reappointed for consecutive four-year intervals until his retirement on January 31, 2006. Greenspan was praised for his handling of the Black Monday stock market crash and the dot-com economic boom of the 1990s.

Alan Greenspan's nomination hearing took place on July 21, 1987.

Alan Greenspan took office as chairman of the Board of Governors of the Federal Reserve on August 11, 1987, filling an unexpired term as a member of the Board of Governors. He served five terms and was known for his anti-inflation stance and skill at building consensus among committee members.

During Alan Greenspan's tenure as Chair of the Fed, he faced the challenge of the 1987 stock market crash.

Alan Greenspan's nomination hearing occurred on January 29, 1992.

During his years with the Federal Reserve, Alan Greenspan supported Bill Clinton's deficit-reduction efforts in 1993.

Alan Greenspan's nomination hearing was held on March 26, 1996.

Alan Greenspan married Andrea Mitchell on April 6, 1997. Andrea Mitchell is a well-known journalist and the couple has been together for many years.

The title 'Gold and Economic Freedom' is likely to be related to a publication or speech by Alan Greenspan discussing the relationship between gold and economic freedom.

Alan Greenspan's nomination hearing took place on January 26, 2000.

Alan Greenspan faced massive challenges during his tenure as Chair of the Fed, such as the attacks on the World Trade Center in 2001.

Alan Greenspan's nomination hearing occurred on June 15, 2004.

In November 2005, President George W. Bush awarded Alan Greenspan with the Presidential Medal of Freedom, the highest civilian award in the United States, in recognition of his contributions to American domestic economic and monetary policy.

Alan Greenspan assumed the position of Chairman of the Board of Governors in 2006, succeeding Paul A. Volcker.

Alan Greenspan's last term as chairman of the Board of Governors of the Federal Reserve ended on January 31, 2006. He had a significant impact on the US economy during his tenure, including leading the Federal Reserve through major economic events.

Alan Greenspan's decision to lower interest rates and favor subprime mortgages contributed to the 2007 recession. This decision had a profound impact on the global economy.

On December 17, 2008, Alan Greenspan was interviewed for the Gerald R. Ford Oral History Project by Richard Norton Smith.

The bipartisan Financial Crisis Inquiry Commission found that Alan Greenspan's failure to curtail trade in securities backed by subprime mortgage loans and his advocacy of deregulation of the financial industry had contributed to the global financial crisis of 2008.

In his book, Greenspan advanced guidelines for market prognostication in light of the lessons learned from the financial crisis, allowing for the greater impact of John Maynard Keynes’s 'animal spirits' on market behavior.

The biography of Alan Greenspan, written by Sebastian Mallaby, was released in October 2016. The book explores Greenspan's life and legacy, providing insights into the making of modern finance.

Greenspan co-authored the book 'Capitalism in America: A History' with Adrian Wooldridge.

The Greenspan Put is a financial term that refers to the perceived tendency of the Federal Reserve to intervene in the financial markets to prevent or mitigate downturns. It is named after Alan Greenspan, who was the chairman of the Federal Reserve from 1987 to 2006.

On November 21, 2023, there was an update on Alan Greenspan's career, education, and personal life. This update provided new insights into his achievements and contributions.