Saturday, September 27, 2008

THE AGE OF TURBULENCE *(Alan Greenspan)


When Alan Greenspan speaks, the world listens!



Alan Greenspan was born in 1926 and reared in the Washington Heights neighborhood of New York City. After studying the clarinet at Juilliard and working as a professional musician, he earned his B.A., M.A. and Ph.D. in economics from New York University. In 1954, he cofounded the economic consulting firm Townsend-Greenspan & Co. From 1974 to 1977, he served as chair of the Council of Economic Advisors under President Gerald Ford. In 1987, President Ronald Reagan appointed him chairman of the Federal Reserve Board, a position he held until his retirement in 2006.


























Did Alan Greenspan decimate the middle class and widen the wealth gap?

Did he corrupt the Federal Reserve and bring crony capitalism into it?

Did he bankrupt the US Government and cause tsunamis in equities and property markets?


All these questions are left to historians and economists.

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