Last updated on: 3/13/2017 | Author: ProCon.org

Alan Greenspan, PhD Biography

Title:
Former Chairman of the US Federal Reserve
Position:
Pro to the question "Should the United States Return to a Gold Standard?"
Reasoning:

“If we went back on the gold standard, and we adhered to the actual structure of the gold standard as it existed prior to 1913, we’d be fine. Remember that the period 1870 to 1913 was one of the most progressive periods, economically, that we’ve had in the United States. And, that was the golden period of the gold standard… I’m known as a ‘gold bug’ and everyone laughs at me, but, why do central banks own gold now?”

Interview with Michael McKee and Tom Keene, Bloomberg Surveillance podcast, bloomberg.com, June 27, 2016

Theoretical Expertise Ranking:
Experts
Individuals with PhDs or equivalent advanced degrees in fields relevant to the gold standard. Also top-level government officials (such as foreign leaders, US presidents, Founding Fathers, Supreme Court Justices, members of legislative bodies, cabinet members, military leaders, etc.) with positions relevant to the gold standard.
Involvement and Affiliations:
  • Economic Advisor, Advisors Capital Management, 2016-present
  • Member, Advisory Board, Paulson & Co. Inc., Jan. 2008-present
  • Senior Advisor, Deutsche Bank AG, Aug. 2007-present
  • Consultant, Pacific Investment Management Co LLC, May 2007-present
  • President, Greenspan Associates, LLC, 2006-present
  • Chairman, US Federal Reserve, Aug. 1987-Jan. 2006
  • Former ex officio member, Board of Directors, Bank for International Settlements
  • Consultant, Congressional Budget Office
  • Member, Economic Policy Advisory Board to President Ronald Reagan
  • Member, Board of Directors, Council on Foreign Relations, 1982-1988
  • Chairman, National Commission on Social Security Reform, 1981-1983
  • Chairman of the Council of Economic Advisors under US President Gerald Ford, 1974-1977
  • Former Member, Board of Directors, J.P. Morgan, Alcoa, Mobil Corp., General Foods, and other corporations
  • Education:
  • PhD, Economics, New York University, 1977
  • Attended Columbia University
  • MA, New York University, 1950
  • BS, summa cum laude, Economics, New York University, 1948
  • Attended The Juilliard School, studied clarinet
  • Other:
  • Recipient, Defense Department Distinguished Public Service Award, Jan. 2006
  • Recipient, Presidential Medal of Freedom, 2005
  • Recipient, Honorary Knighthood for “contribution to global economic security,” approved by England’s Queen Elizabeth II, 2002
  • Studied the clarinet at Juilliard and toured with Henry Jerome and his orchestra
  • Married NBC News correspondent Andrea Mitchell, Apr. 6, 1997
  • Born Mar. 6, 1926, New York, NY
  • Quoted in:
    Pro & Con Quotes: Should the United States Return to a Gold Standard?