Alan Greenspan dies at 100
Alan Greenspan died Monday at 100 from complications of Parkinson’s disease, his wife Andrea Mitchell said. Greenspan led the Federal Reserve from 1987 to 2006, serving under presidents Ronald Reagan, George H.W. Bush, Bill Clinton, and George W. Bush. He oversaw the 1990s stock-market boom and a long U.S. expansion, but his advocacy of light bank regulation was later blamed for helping set the stage for the 2008 financial crisis. His death matters because Greenspan’s policies and guarded communication style shaped decades of U.S. monetary policy and the modern debate over financial regulation.
(NBC News) - Alan Greenspan, the influential economist who steered U.S. monetary policy during his five terms as chairman of the Federal Reserve under four presidents, died Monday, his wife said in a statement. @nbcnews.com www.nbcnews.com/news/obituar...
The Spirit of Mel Brooks35Greenspan's push for financial deregulation directly resulted in the Great Recession. Greenspan testified in Congress that he was wrong in believing banks would regulate themselves. RIP.
brendanamartin.bsky.social24He presided over the the biggest bubble and most fraud in a century. He was also a partisan hack. It was nauseating to see him lionized when he was alive, let’s not do it again now.
Trojan Duck16His wife would be NBC reporter Andrea Mitchell. Talk about marrying your work.
isosolies.bsky.social14I'd say he was responsible for many of the economic problems we're having today.
radiogodzilla.bsky.social7Ayn Rand's ties to the government are now down to Rand Paul and Ted Cruz. A young Greenspan was part of her circle (jokingly called "The Collective") in the 1940s-50s -- by becoming Fed Chairman Greenspan broke with Rand on working for governments, but he seemed to follow her "Markets first" line.
mavenstack.bsky.social6Greenspan's legacy includes a significant impact on US monetary policy, as noted by various economic observers.
Harriet T is my hero6One the most significant players in the mass burgerly of the US
yn2usn.bsky.social4I wish the headline protocol was “ “PERSON” dead. Followed by “description of reason person was famous”
Orry K3Very sad. He seemed to be a man of great integrity.
catwoman05.bsky.social2About time. What an asshole that guy was.
Bill Beaird2Good, look around and thank him for your current economic condition. He and Paulson are responsible for the Great Recession.
chloecatvt.bsky.social2Dude helped rich people rob the rest of us for his entire career. Rest in piss.
djwmu1974.bsky.social2He provided Congress the permission slip to approve the Bush tax cuts in 2001, a move that set the stage for adding $36 trillion to the national debt in only 25 years.
CDG-GTR2The Henry Kissinger of economics
orphandemocrat.bsky.social2😢😢😢😢 when economic policy ran our economy, not politics. Thank you Chairman Greenspan for your service to America.
If I were Greenspan seeing Warsh running the Fed might kill me too. www.nbcnews.com/news/obituar...
Akoltchak6Ayn Rand acolyte and purveyor of two economic disasters (2000 dot-com bubble and 2008 financial crisis), Alan Greenspan dead at 100. May history remember him accurately. Buh-bye.
Spirit of America6Greenspan, Rubin & Summers were instrumental in bringing about the 2008 crash. In 1990, Brooksley Born, then chair of the CFTC. warned Congress of the risk unregulated derivatives posed to nat'l financial stability, warning was ignored, as the trio stated no reform was needed-Frontline, The Warning
solar100.bsky.social5Greenslime cut Social Security benefits, raised the retirement age, and generally did everything he could to nurture and support the billionaire class. Happy to read his obituary except that it is all fawning praise for a destructive person.
Steed & Peel 233Is it just me but if you die at 100 years old there is no need to list a cause of death?
CM3The real surprise here is that he was married to Andrea Mitchell
Bill Beaird2And look at what his policies spawned. He had more influence on the US during his tenure than even elected combined. Most of it to our ultimate detriment.
I grew up with Alan Greenspan being treated as a sage voice of economic reason. Then I discovered he spent his early career as a fully paid-up Ayn Rand cultist (part of the 'collective' who read Atlas Shrugged in manuscript) and I realized that he was just another libertarian loon.
Hari Kunzru31It's amazing who gets treated as an adult in the room, and who doesn't. It's like the various Christian cultists around DC (people associated with The Family, for example) whose wingnut beliefs are never discussed
Max Kennerly11Everything I've read about Ayn Rand's "collective" suggests it was a polycule. Including Alan Greenspan.
optimism of the grill2which is ironic in that the most sincere cultists considered Greenspan a sell-out. (Speaking as a former such cultist myself)
Breaking news: Alan Greenspan, the US Federal Reserve chair who dominated global markets in the late 20th century only to see his legacy tarnished by the financial crash, has died at the age of 100. ft.trib.al/jmaaB1c
anonymousvc.bsky.social7His legacy WAS the financial crash and this late capitalism sht show.
David Kleinman2At the gates of hell, attendants will say “please come right this way, no waiting in line for you”
dipradan.bsky.social2One of the architects of the 2007 crash. Libertarianism in action. Easy money and lack of regulation allowed the ridiculous Subprime money bubble.
