Alan Greenspan Birthday

March 1, 2012 by staff 

Alan Greenspan Birthday, Alan Greenspan (born March 6, 1926) is 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 advisor 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.

Greenspan came to the Federal Reserve Board from a successful consulting career, holding economic views influenced by Ayn Rand. 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”.

Democratic leaders of Congress criticized him for politicizing his office because of his support for Social Security privatization and deficit-spurring tax cuts. The easy-money policies of the Fed during Greenspan’s tenure has been argued as a prime cause of the subprime mortgage crisis, which occurred within months of his departure from the Fed, and has, said the Wall Street Journal, “tarnished his image”.

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