“Well, the markets are not taking any notice of irrational exuberance, therefore I will bring the markets to heel”
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Alan Greenspan was an American economist who served as the 13th chair of the Federal Reserve from 1987 to 2006. He worked as a private adviser and provided consulting for firms through his company, Greenspan Associates LLC.
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business · American economist (1926–2026) · economist · banker · politician · entrepreneur · jazz musician · consultant · author · also Alan Greenspan, Greenspan
Born 6 March 1926 · Died 22 June 2026 · Q193635
54 published statements · 0 followers
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“Well, the markets are not taking any notice of irrational exuberance, therefore I will bring the markets to heel”
“My view of the range of dispersion of outcomes has been shaken, but not my judgment that free competitive markets are by far the unrivaled way to organize economies”
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Public attention spiked: 3,783 Wikipedia readers in one day, 3.8× the usual 996, with 0 article edits.
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Public attention spiked: 6,857 Wikipedia readers in one day, 6.9× the usual 996, with 10 article edits. Editors noted: Reverting to stable long-standing photo (WP:STABLE). There is no consensus for the change, and the onus lies on the editor seeking to introduce it (WP:BURDEN).
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Public attention spiked: 18,491 Wikipedia readers in one day, 18.6× the usual 996, with 31 article edits. Editors noted: Reverted edits by ~2026-37162-60 (talk) (HG) (3.4.14)
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Public attention spiked: 34,691 Wikipedia readers in one day, 34.8× the usual 996, with 34 article edits. Coverage that week: “Kevin Warsh Is Missing Alan Greenspan’s Point” (The New York Times).
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The New York Times: Kevin Warsh Is Missing Alan Greenspan’s Point
The Guardian: RIP Alan Greenspan: you were charming, powerful, and wrong | Robert Reich
Public attention spiked: 302,729 Wikipedia readers in one day, 303.9× the usual 996, with 185 article edits. Coverage that week: “RIP Alan Greenspan: you were charming, powerful, and wrong | Robert Reich” (The Guardian).
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Died 2026-06-22.
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Public attention spiked: 6,592 Wikipedia readers in one day, 6.6× the usual 996, with 2 article edits.
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“If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.”
Awarded Paul A. Volcker Lifetime Achievement Award for Economic Policy (2019).
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AP News rated the claim “Former Fed chair Alan Greenspan has died” Alan Greenspan, former chairman of the Federal Reserve, did not die despite reports that circulated on Twitter early Tuesday.
Shown as reported and rated by a fact checker, not as an established fact.
Greenspan received the Eugene J
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Greenspan offered a defense of the H-1B visa program, telling a U
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Robert Reich wrote that "Greenspan's worst move was to contribute to the giant housing bubble and the worst worldwide crash since the Great Depression
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Greenspan acknowledged that he was "partially" wrong in opposing regulation and stated, "Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity—myself especially—are in a
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Greenspan admitted that his free-market ideology, shunning certain regulations, was flawed
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Greenspan finally conceded error on regulation
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Greenspan expressed great frustration that the February 23 speech was used to criticize him on ARMs and the subprime mortgage crisis, and stated that he had made countervailing comments eight days after it that praised t
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Greenspan forecast a possible recession in the United States before or in early 2008
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Greenspan was the recipient of the inaugural Thomas Jefferson Foundation Medal in Citizen Leadership, presented by the University of Virginia
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Paulson had foreseen the collapse of the sub-prime housing market and hired Goldman Sachs to package their sub-prime holdings into derivatives and sell them
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Greenspan stated that there was a bubble in the U
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Of "large double-digit declines" in home values "larger than most people expect"
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When his fifth term as chairman was set to expire
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“They swapped principle for power. They ended up with neither. They deserved to lose [the 2006 election]”
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Won Presidential Medal of Freedom presented by George W. Bush (2005).
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Greenspan called for a substantial increase in the regulation of Fannie Mae and Freddie Mac: "Appearing before the Senate Banking Committee, the Fed chairman, Alan Greenspan, said the enormous portfolios of the companies
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“t see subprime storm brewing”
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Became the first recipient of the Harry S
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“fundamentally engendered by the decline in real long-term interest rates”
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Greenspan was nominated by President George W
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Greenspan received the Dwight D
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Businessweek magazine analysts argued: "It was the Federal Reserve-engineered decline in rates that inflated the housing bubble
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Lowered interest rates to 1%, enabling banks to borrow money for free, adjusted for inflation
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Awarded Honorary Knight Commander of the Order of the British Empire (2002).
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Greenspan raised interest rates several times and was criticised for this when the stock market then declined
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Then tried to clean up the mess afterward"
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Awarded Financial Times Person of the Year (1998).
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Awarded Francis Boyer Award (1996).
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Became famous for the phrase "irrational exuberance" which he used in a speech intended to warn of what became the dot-com bubble
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Awarded Fellow of the American Statistical Association (1989).
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Greenspan was elected as a fellow of the American Statistical Association
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President Ronald Reagan nominated Greenspan as a successor to Paul Volcker, as chairman of the Board of Governors of the Federal Reserve, and the U
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When he became chairman of the Federal Reserve Board
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“affirmed today its readiness to serve as a source of liquidity to support the economic and financial system”
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Career landmark: Chair of the Federal Reserve (1987–2006).
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Studied at Stern School of Business, Doctor of Philosophy (1977).
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Career landmark: Chair of the Council of Economic Advisers (1974–1977).
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Greenspan attended New York University's School of Commerce, Accounts and Finance (since renamed to the Stern School of Business), where he earned a B
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In the Washington Heights neighborhood of New York City
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Born 1926-03-06.
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