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.
Alan Greenspan, Chairman, Federal Reserve Board, Testimony, House Budget Committee, March 2, 2005
Sourced by: Eigen's Political and Historical Quotations
Ethan Allan is one of the most traditional American firms which has remained very healthy during globalization by moving only part of its manufacturing off shore. It actually sells much furniture to China which is made in the United States and has created almost as many white collar jobs as it has lost manufacturing jobs.
Most Americans were just beginning to comprehend the importance of international relations to American agriculture and our food supply.
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).