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    alan greenspan and his economics

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    Alan Greenspan who is an American economist obliged as Chairman of the Federal Reserve of the United States from 1987 to 2006, was born on March 6, 1926. He is a highly educated economist and in his life he took many years of experience from the economy of the world. People look for his advice and follow his judgments to develop the growth in economy. He was the world's most powerful economic policymaker in Federal Reserve for two decades. He is currently works as a private adviser and provides consulting

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    Alan Greenspan

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    Alan Greenspan Since Alan Greenspan became chairman of the FED, the country's economy has reflected many positive results. He has done a terrific job. Allan is a very bright man who is always thinking of ways to prevent problems before they happen in the economic sector of the nation. All economists have been very content with his job just until now. In a recent Time magazine article called Is That Really You, Allan?disapproval about some new rules that this man has suggested for the economy

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    Alan Greenspan

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    Alan Greenspan Alan Greenspan, the chairman of the Federal Reserve, has always fascinated the financial community. Whatever he says can make or break the markets. He is a highly educated economist with many years of experience. People seek for his advice and obey his judgments. His proclamations are repeated and expounded upon. Greenspan is loved, feared, and never ever questioned. As a result of being a strong chairman of the Fed, he has made a difference the U.S. economy through his

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    Alan Greenspan, Hero or Villain To properly discuss Alan Greenspan, we need background information, where he worked and what exactly did/does he do. Alan Greenspan (born March 6, 1926) is an American Economist and was Chairman of the Board of Governors of the Federal Reserve of the United States from 1987 to 2006. Mr. Greenspan was appointed Federal Reserve (FED) chairman by President Ronald Reagan in 1987 and was reappointed at successive four-year intervals until retiring in January

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    Greenspan presided the Fed under prosperous economic situation, and it was thought that this economic growth was done by Alan Greenspan. That era was characterized by the low inflation rate, two short recessions took place during his tenure, the use of information technology, jobs were abundant, unemployment rate was low (under 4%) and the stock market rose over 10%. All those conditions lead people to believe that Greenspan improved the economy in that time. Irrational exuberance The fall of Alan

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    show how this topic is illust... ... middle of paper ... ...Greenspan admitting in his testimony, Greenspan said that, in light of a crisis he characterized as "a once-in-a-century financial tsunami," he was wrong to think financial markets could police themselves. He incorrectly had expected the discipline of the market would prevent financial institutions from taking life-threatening risks. I think the movie showed how Greenspan was mistaken in his free-market convictions to make wrong decisions

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    Alan Greenspan's Term

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    The article, "Greenspan gets another Fed term," in the New York Times discussed Alan Greenspan's success and failures during his term. The article was fairly easy reading. I found some statements to be quite amusing however, there were some issues discussed that was a little ambiguous. Reading this article, I learned that President Clinton nominated Alan Greenspan to a fourth term as chairman of the nation's central bank. I had no clue as to what the title of chairman of the nation's central bank

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    Bankers prior to the establishment of the Federal Reserve would establish lines of credit with larger banks. In the event of a run, the smaller bank would draw on the line of credit. In times of panic, large numbers of depositors would demand to withdraw their money, and only the largest Wall Street banks, with millions of dollars in reserve, could guard against this. In the early twentieth century, people were running to withdraw all their cash from their accounts, this may seem dramatic, almost

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    Former Chairman of the Federal Reserve Alan Greenspan has played a key role in the economic crisis of the late 2000s (some would point out that we are still experiencing its aftershocks to this day). It’s not so much what Greenspan did as much as what he didn’t do. Greenspan’s hesitation when it comes to regulating the banking sector was motivated in part by the free-market philosophy he has propagated over his career as a leading world economist. It must be pointed out, however, that there are those

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    Paying off the national debt would actually help lower interest rates and boost investments, and therefore further increase the wealth of the population, while keeping inflation at bay. It seems Federal Reserve Chairman Alan Greenspan beat the Treasury secretary to it. Greenspan could not wait for the economy to fix itself by paying of the debt. The United States economy is roaring ahead at about 5% annual growth rate, much faster then the federal reserve considers safe. In an attempt to keep

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    economic theorist includes Adam Smith, Karl Marx, and Milton Friedman. However, Alan Greenspan is one that in recent views made some impactful moves that changed the way the economy is seen and run. The changes made in earlier years, have affected higher education through today and the institutions need to review its financial framework in order to maintain its level of effective operation. Theory in Detail Alan Greenspan has been reported to be a laissez-faire economist. The point of view of being

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    Monetary/fiscal Policy

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    wage increases, or other legislation to improve the economy. The second person who influences policy is the Federal Reserve Board Chairman Alan Greenspan who can truly destroy our economy by a slight miscalculation. Greenspan is so influential that the mere speculation of his making a move can cause panic buying or selling in the open markets. Alan Greenspan has the power to increase or decrease the money supply by changing reserve requirements, by changing the discount rate, or by buying or selling

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    inflationary fears and a hard once-over of the situation by Federal Reserve Chairman Alan Greenspan. However, the numbers are extraordinary. The Gross Domestic product surged at an annual rate of 4.8% in the third quarter of 1999. The employment cost index, which measures total compensation paid to workers in a broad sampling of jobs, rose by 3.1 percent over the past 12 months. (Allen, 71) But, cautions Princeton economist Alan blinder, “this is a change in the measurement system, not in the reality.” (Allen

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    Today's Realities and Yesterday's Models

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    factors in a polar relationship. Simply put, when unemployment was low, inflation was high, and when unemployment was high, inflation was low. Today, however, traditional thought that linked unemployment and inflation is being challenged. As Alan Greenspan, Chairman of the Federal Reserve, told Congress earlier this when discussing the relationship of inflation to unemployment," At some point, the general notion that a different type process is involved here is going to gain a majority view among

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    could. However, an economy needs some discipline, regulation, and oversight too. Alan Greenspan, who was then the Chairman of the Federal Reserve, had consistently advocated for the “loosening of regulations.” At the end of the ‘90s, when financial derivatives had just begun to take off in the United States, some pointed out that they lacked transparency, and that they should be more strictly regulated. Greenspan, abusing his authority, remained firmly opposed to regulation, believing that it would

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    sections. The first 4 chapters provides a history of financial crises. The second part of the book comprising chapters 5-10 discusses how the modern global financial system evolved over time. Topic cover includes IMF, hedge funds, Federal Reserve, Alan Greespan, economic bubbles, regulation and deregulation and the shadow banking. “ World has learnt so much that major crises were no longer possible” as claimed by Lucas and Bernanke. Author has elaborate this in chapter one more of what and how the

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    paper

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    Introduction In September of 2008, the world was hit with a financial crisis that compared with the size and scope of the Great Depression. This global recession was facilitated by the bankruptcy Lehman Brothers and the collapse of AIG, the world largest insurance agency. The resulting global recession rendered 40 million people unemployed and doubled the national debt of the US. Furthermore, the destruction of equity wealth, housing wealth, and real income crushed the world economy. Tens of millions

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    that comprise the GDP. The most important of which is consumption. Consumption in the United States has been less than expected mainly due to low consumer confidence. Consumer confidence has hit a 10 year low with an index of 106.8 as reported by Alan Greenspan. In the past 2 months the index number has plummeted nearly 22 points, the biggest decrease since the 1990-1991 recession. The reason for this recent drop in consumer confidence is due to several key factors. One factor is the poor performance

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    The Foreclosure Crisis

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    In an ideal economic model, individuals are portrayed as omniscient, rational beings. Optimal choices are calculated in an instant. Market trades are made without hesitation. However, any good-sensed economist knows that such is not the case in the real world. Individuals make irrational decisions all of the time. People buy things that they do not need and cannot afford. They make unprofitable investments. They take up time in making their financial decisions. In other words, participants

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    Our Economic Future

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    economy is growing at a rate that can spark inflation soon. So far the prior four times the Federal Reserve has raised rates not much has happened. I am predicting that if the current rate hike does not effect the market, Federal Reserve Chairman Alan Greenspan will raise rates again in March and May to slow our prosperous economy. The reason why a rate hike will slow down the economy is by raising the overnight rate to 5.75, the highest since 1995, it has made borrowing less attractive. In turn,

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