Alan Greenspan Quotes


We purchase goods from abroad because they are obviously better or cheaper than the goods we have at home …. It’s basically a choice of the American people of what we want to do with our purchasing power.


Citations

Alan Greenspan, Chairman, Federal Reserve Board, Testimony, House Budget Committee, March 2, 2005

Sourced by: Eigen's Political and Historical Quotations

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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).