But rules cannot substitute for character.
Alan Greenspan Quotes
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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| Birth: | 6th March, 1926 |
| Nationality: | American |
| Profession: | Businessman, Consultant, Economist, Politician |
About
Alan Greenspan is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently 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. he easy-money policies of the Fed during Greenspan's tenure has been suggested to be a leading cause of the subprime mortgage crisis, which occurred within months of his departure from the Fed, and has, said the Wall Street Journal, tarnished his image.
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