The mastermind of the modern Federal Reserve passed away at 100. The post The Bubble Architect appeared first on The American Conservative .
Politics The Bubble Architect The mastermind of the modern Federal Reserve passed away at 100. (Photo by Diana Walker/Contour by Getty Images) Alan Greenspan was the first celebrity Federal Reserve chair. Everyone knows “Tall” Paul Volcker for the macroeconomic (and literal) giant he was, but Greenspan was the first true celebrity chair. He served in various roles under six presidents, Bob Woodward wrote a book about him in 2000, He was hailed as a “rock star,” and everyone knew him as “the maestro.” Just before the financial crisis he helped to bring about, 6 in 10 Americans expressed confidence in…Open
State of the Union: The former central banker leaves behind a mixed legacy. The post Alan Greenspan, Economist and Former Fed Chair, Dies at 100 appeared first on The American Conservative .
Former Federal Reserve Chair Alan Greenspan passed away Monday at 100 years old, following a battle with Parkinson’s disease. He served as the 13th chair of the nation’s central bank and an advisor to six presidents. Greenspan earned his baccalaureate and graduate degrees in economics from New York University and was a close friend of the libertarian author Ayn Rand beginning in the 1950s until her death in 1982. He began his career in politics as an economic advisor to Richard Nixon’s 1968 presidential campaign and was nominated to serve as the chair of the Council of Economic Advisers just before the president’s resignation in 1974. He served under Gerald Ford as chair and subsequently served on a Reagan-era commission to…Open