Alan Greenspan Definition
Alan Greenspan is an
American economist. He was Chairman of the Federal Reserve System of the United
States from 1987 to 2006, at present he owns a consulting company. Greenspan is
regarded as a proponent of free market economics. He stated that there was no
better alternative in a democratic society, the debt crisis originated not in
the principle, but in the application of competitive markets "assuming
what the nature of risks would be."