Alan Greenspan Quotes


Much fiscal policy is implemented, not through spending increases, but through tax credits and other so-called tax expenditures. The markets should respond to them as they do spending cuts, with little contraction in economic activity.


Citations

Greenspan, Alan. Testimony before the Committee on the Budget, U.S. Senate, 25 Jan. 2001.

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Alan Greenspan
Alan Greenspan
  • Born: March 6, 1926
  • Nationality: American
  • Profession: Economist

Alan Greenspan is an American economist who served five terms as the 13th Chair of the Federal Reserve of the United States from 1987 to 2006. He works as a private adviser 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 (behind William McChesney Martin).