None meaningfully worked. The article attracted a number of critical responses from forum contributors, who, finding causation between Greenspan's policies and the discontinuities in financial markets that followed, criticized Greenspan mainly for what many believed to be his unbalanced and immovable ideological suppositions about global capitalism and free competitive markets. Greenspan wrote a memoir titled The Age of Turbulence: Adventures in a New World, published September 17, 2007. Unfortunately, the marriage lasted for five years and had divorced in 1975. Alan was an American economist who served as a chairman of Federal Reserve of the United States. Democratic president Bill Clinton reappointed Greenspan, and consulted him on economic matters.  He also called Greenspan a "classic con man" who, through political savvy, "flattered and bullshitted his way up the Matterhorn of American power and...jacked himself off to the attention of Wall Street for 20 consecutive years". He said he himself had to make such compromises, because he believes that "we did extremely well" without a central bank and with a gold standard. In 2007, Greenspan was the recipient of the inaugural Thomas Jefferson Foundation Medal in Citizen Leadership, presented by the University of Virginia.  Greenspan had used his position as Fed Chairman to comment upon fiscal policy as early as 1993, however, when he supported President Clinton's deficit reduction plan, which included tax increases and budget cuts. By late 2004, the price of gold was higher than its 12-year moving average. His father, Herbert Greenspan, was of Romanian Jewish descent, and his mother, Rose Goldsmith, was of Hungarian Jewish descent. Alan Greenspan KBE (/ ˈ æ l ə n ˈ ɡ r iː n s p æ n /; born March 6, 1926) is an American economist who served as Chair of the Federal Reserve of the United States from 1987 to 2006. , Political views and alleged politicization of office, sfn error: multiple targets (2×): CITEREFGreenspan2007 (, CS1 maint: multiple names: authors list (, New York University's Stern School of Business, tariffs against People's Republic of China, The Age of Turbulence: Adventures in a New World, Commodity Futures Modernization Act of 2000, President Clinton's deficit reduction plan, Department of Defense Medal for Distinguished Public Service, Knight Commander of the Order of the British Empire, Fellow of the American Statistical Association, The Map and the Territory 2.0: Risk, Human Nature, and the Future of Forecasting, The Map and the Territory: Risk, Human Nature, and the Future of Forecasting, List of United States political appointments across party lines, "Greenspan Was More a Rock Star than a Feared Fed Sage", "Greenspan says Federal Budget Deficits are 'Unsustainable, "Little Alarm Shown at Fed At Dawn of Housing Bust", "Dr. Greenspan's Amazing Invisible Thesis", "Looking at Greenspan's Long-Lost Thesis", "Alan Greenspan, Chairman of the Board of Governors of Federal Reserve, Receives Dean's Medal at Wharton School MBA Commencement", "U.S. Senate Panel Votes for 4th Term for Fed Chairman Greenspan", "Historical Roster of Directors and Officers", A Brief History of the 1987 Stock Market Crash with a Discussion of the Federal Reserve Response, "Larry Summers on Conversations with Bill Kristol", "Q&A: Greenspan on Bubbles, Saddam, Cheney and Bernanke", "Greenspan: Ouster Of Hussein Crucial For Oil Security", "Greenspan Says Invasion and War 'Largely about Oil, "The Simple Arithmetic of John McCain's Bogus Claims of Energy Independence", "Greenspan Warns Against Anti-China Protectionism", "Greenspan Says Tariffs on China Would Hurt U.S. Economy, Jobs", "Pimco Hires Greenspan as Consultant: Report", "Alan Greeenspan to consult for Deutsche Bank Corporate and Investment Bank", "Tangled Webs: Greenspan, Paulson, Goldman, the SEC and C&C Music Factory", "Greenspan: H-1B Cap Would Make U.S. Workers 'Privileged Elite, "Greenspan takes center stage in 'Age of Turbulence, "Greenspan Criticizes Bush Policies in Memoir", "Greenspan Book Criticizes Bush And Republicans", "Former Fed Chief Attacks Bush on Fiscal Role", "Greenspan Concedes to 'Flaw' in His Market Ideology", "Greenspan Says Didn't See Subprime Storm Brewing", "Economic Outlook Hearing before the Joint Economic Committee, Congress of the United States", House Prices and Monetary Policy: A Cross-Country Study, "Greenspan Says ARMs Might Be Better Deal", "His Legacy Tarnished, Greenspan Goes on Defensive", "Who is to Blame for the Mortgage Carnage and Coming Financial Disaster? © Greenspan also played a key role in organizing the U.S. bailout of Mexico during the 1994–95 Mexican peso crisis. She earns the salary of $750 Thousand per annum as the news anchor. Testifying on immigration reform before the Subcommittee on Immigration, Border Security and Citizenship, he said more skilled immigration was needed "as the economy copes with the forthcoming retirement wave of skilled baby boomers".. She completed her graduation from the University of Pennsylvania in 1967, obtaining BA degree in English Literature, as per wiki. Although he was subdued in his public appearances, favorable media coverage raised his profile to a point that several observers likened him to a "rock star". They deserved to lose [the 2006 election]". The couple got married in a wedding ceremony held at The Inn in Little Washington, Virginia on 6 April 1997. In 2004 Businessweek magazine analysts argued: "It was the Federal Reserve-engineered decline in rates that inflated the housing bubble...the most troublesome aspect of the price runup is that many recent buyers are squeezing into houses that they can barely afford by taking advantage of the lower rates available from adjustable-rate mortgages.  On April 19, 2012, Greenspan received the Eugene J. Keogh Award for Distinguished Public Service from NYU. The Men Who Built America. , On June 2, 1987, President Ronald Reagan nominated Greenspan as a successor to Paul Volcker as chairman of the Board of Governors of the Federal Reserve, and the Senate confirmed him on August 11, 1987.  Democratic leaders of Congress criticized him for politicizing his office because of his support for Social Security privatization and tax cuts, which they criticized for increasing the deficit.. A few months after his recommendation, Greenspan began raising interest rates, in a series of rate hikes that would bring the funds rate to 5.25% about two years later. Andrea Mitchell. Carly Fiorina. ... Where once more-marginal applicants would simply have been denied credit, lenders are now able to quite efficiently judge the risk posed by individual applicants and to price that risk appropriately. , Greenspan has come under criticism from Harry Binswanger, who believes his actions while at work for the Federal Reserve and his publicly expressed opinions on other issues show abandonment of Objectivist and free market principles. Notable critics included J. Bradford DeLong, Paul Krugman, Alice Rivlin, Michael Hudson, and Willem Buiter.
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