Alan Greenspan (born March 6, 1926) is an American
economist and Chairman
of the Federal Reserve. He is considered by many to be the leading
authority and key participant concerning United States domestic
economic policy. For example, he has been instrumental in how the
US government decides how to deal with inflation. Given the breadth
of his experience, he has been referred to in the media as "the
He was born in New York City, earned an Masters degree in Economics
in 1950 from New York University, and a Ph.D. in Economics in 1977.
He also attended Columbia University for advanced graduate study.
He was a friend of Ayn
Rand and was a strong intelectual adovate of the capitalist
or even so-called supercapitalist
system and the societial ideas and values it represented.
Mr. Greenspan is Chairman of the United
States Federal Reserve Board, of which he took office August
11, 1987 and was reappointed to an unprecedented fourth term on
June 20, 2000 (which ends on June 20, 2004). He has been appointed
in this post by US
H. W. Bush, and Bill
Clinton. From 1974 to 1977, he was Chairman of the President's
Council of Economic Advisers under Gerald
His honorary titles include Knight
Commander of the British Empire, bestowed in 2002.