Alan Greenspan

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by ishaansab
Last updated 6 years ago

Discipline:
Social Studies
Subject:
Economics
Grade:
12

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Alan Greenspan

Alan Greenspan

Greenspan's view

President Medal of Freedom

He went to Julliard School of Arts due to his love for music, however only after a year he decided to transfer into New York University to earn an economist degree. Excelling at his job, he quickly climbed the ladder of wealth and success. After leading a consultancy trust and serving various corporate boards, he became the economic advisor to President Richard Nixon and President Gerald Ford. In 1987, President Ronald Reagan appointed him as the chairman of the Federal Reserve Board. As a chairman he controlled the nation’s money and soon became one of the most influential people in the world. Since 1987, he has been successively reappointed after every four year interval until retiring in January, 2006. During his two decades in office, he played a significant roles in shaping United States monetary policies.

"I'm a free-market economist from years and years back, and I've never veered from that."

Economic Theory

1987 Time Magazine Cover

Theme song

I believe in today's Canadian economy which has an unemployment rate of 7%, following Alan's theory wouldn't be the best stratergy. Canada attracts thousands of immigrants every year and to continue that they need to keep the unemployment rate as low as possible. Also during this time when the oil prices have troppled, and thousands of canadians have lost their job, we need plan a stratergy which keeps the unemployment rate low.

Accomplished Clarinetist.

He had a reputation for being strongly anti-inflation, focusing more on controlling prices than on promoting full employment. He was known for being adept at guiding the Fed's board to consensus on policy issues.

"We really can't forecast all that well, and yet we pretend that we can, but we really can't."

"I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said."

My View


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