Greenspan spoke recently and he said you know I used to be on the JP Morgan advisory committee and when I first
Alan Greenspan , the Federal Reserve.
Dorie Greenspan , Shuna Lydon, who's a great pastry chef in New York City.
optimism I remember Alan Greenspan during the 90s one when he was chairman of the FED he once kind of made the quip
Alan Greenspan later used the term in Congress, promptly sent the stock market down quite a bit.
But what happened with Greenspan by stabilizing everything-- no volatility or minimized volatility, something they called The Great Moderation that resembles the Great Peace--
So large that Alan Greenspan said that he was worried.
But somehow Alan Greenspan said "No, we can't wait until that dire moment, we have to act in 2001 to give a tax cut to the richest Americans.
That's the way Greenspan ran the Fed every time the economy started to
the role of Alan Greenspan or the role of one other, you know, somebody else. What I try to point out is that if Alan Greenspan hadn’t been there, Reagan would have found
the policies of Alan Greenspan . Greenspan 's policies, after all, had been
And that was Greenspan 's decision, but Bernanke was there helping to lay the intellectual foundation for keeping interest rates low to prevent us from having deflation like they
bankers and both Greenspan and Bernanke have benefited by the view that, as painful as that was, that was probably the right thing and we have a stronger economy as a result.
You may remember Greenspan made that famous speech about "Irrational Exuberance," which everybody pretty much ignored.
It was Bernanke who succeeded Greenspan as chairman of the Federal Reserve.
They did more kind of Greenspan and play time, which was actually more beneficial for me because it was more dynamic and more about being
And incredible that anybody took Alan Greenspan seriously.
necessarily Trace back to something that Allan Greenspan did uh of course that's when he res he he picked the perfect
Q So you said that Greenspan 's greatest sin was his sort of faith in the free market,
thought that if -- you and Greenspan had a very good way of talking about this -- if you made a lot of loans and turned them into securities and sold those securities to other
would like to hang this all on Greenspan uh who cut interest rates and did absolutely nothing to control the LAX
Both of you have had careers-- you worked with Alan Greenspan at one point, Ben Bernanke, I think even Janet Yellen,
Now we have to deal with the consequences of the Greenspan Bush stimulus
So he had every reason to believe that Greenspan had the magic formula, and he was going to continue it. His difference with Greenspan was going to
Nowadays I have a team of people, Sam Greenspan , and Katie Mingle, and Avery Trufelman.
So there's a little dip in the economy and a guy called Greenspan comes along and says, let's cut interest rates and essentially do asset protection for everybody who
I mean, today we have people like Alan Greenspan and Paul Volcker saying they went much too far and they had much too much faith in the system and they now regret they didn't see
Greenspan put too big to fail.
It's because of the Greenspan Fed that the NASDAQ went to 5,000.
in efficient markets, which is what Alan Greenspan said he believed in, the interest rate that you pay on that kind of mortgage is on average the same as the interest you pay on a fixed
But Greenspan brought them down to 1%.
People like Greenspan , when people said that there couldn’t exist bubbles, because they believed markets were efficient.
But let me say, it’s not just Greenspan and Bernanke, but a lot of other people who were behind that, who were pushing these ideas.
But we'll see in three years whether he goes the way of Greenspan .
Greenspan 's Federal Reserve was something like the Vatican.
And so, he's become -- even more than Greenspan -- associated with the Federal Reserve, one man.
But this one was to celebrate the imminent retirement from the chairmanship of the Federal Reserve of Alan Greenspan .
a year or two after Greenspan left, the idea was always "we know there are bubbles, we are not trying to claim that markets are always
every world official you can name but the probably most recent and most important was when alan greenspan the
And now, we see he's gone well beyond what Greenspan ever did.
And then the third thing -- and the one that I think is most interesting and most serious is that Greenspan sponsored a view in Washington -- one that Bernanke didn't visibly object
uh just crashing with the credit crisis I don't know if any of you guys saw Alan Greenspan 's comments before Congress
--in New York, who used to be our "San Francisco Chronicle," one of the many critics here, and Dorie Greenspan .
So in my ambitious early recipe developing days, I tried to make my own tahini, and I realize there is a famous baker named Dory Greenspan .
And so one of the reasons we got into trouble, into the financial crisis, is that people like Alan Greenspan believed the efficient market hypothesis, and didn't think
With government, for example, they want to have no fluctuation and you saw what Greenspan did.
I cannot believe that if say, in 2015, those surpluses had persisted and we almost paid down the national debt, Alan Greenspan or a successor could have come to Congress and
was the architecture of deregulation that Wall Street had purchased until 2008, after the dean of deregulation, the Ayn Rand-ian, Alan Greenspan , Head of the Fed, confessed
And that was sort of the Greenspan ethos the whole time he was head of the Fed.
Greenspan blew up the