Allan greenspan biography

Alan greenspan biography

Alan Greenspan spent much of his career at the highest levels of government economics. He served as a top advisor to presidents Ford and Nixon, but is most widely known for his long tenure as chairman of the Federal Reserve, a position he held from to For much of that period, Greenspan was arguably the most influential economist in the world.

During the latter s, the unemployment rate fell well below the comfort level of most economists, yet inflation decelerated, and broadly shared real wage gains were handily paid for out of rising productivity growth. Greenspan was widely viewed as favoring conservative economic policy, a view reinforced by his early association with the libertarian, antiregulatory philosophy of the writer Ayn Rand.

Allan greenspan biography

And while he exhibited throughout his career a strong preference for market-driven outcomes and a diminished role for government, his approach to monetary policy was largely pragmatic and data-driven. Though generally highly regarded by the economics and policy community, Greenspan has had his critics.

Most recently, some have maintained that Greenspan played a decisive role in the swing from fiscal surplus to fiscal deficits.