Alan Greenspan discusses Markets and the Judiciary at the Our Courts and Corporate Citizenship conference hosted by the Sandra Day O'Connor Project.
The conference explored the idea that without reliable courts, markets cannot flourish and that a lack of faith in the fair application of the law is an obstacle to market growth.
Bio
Alexander Aleinikoff
T. Alexander Aleinikoff is Dean of the Georgetown University Law Center, Washington, DC, USA, since 2004.
Aleinikoff received a bachelor's degree from Swarthmore College and a J.D. from Yale Law School in 1977.
John J. DeGioia
Since graduating from Georgetown University in 1979, John J. DeGioia has served both as a senior administrator and as a faculty member at the school. On July 1, 2001, he became Georgetown's 48th president.
Dr. DeGioia is a professorial lecturer in the Department of Philosophy. He earned a bachelor's degree in English from Georgetown University in 1979 and his PhD in Philosophy from the University in 1995. He has most recently taught "Ethics and Global Development," "Human Rights: A Culture in Crisis," and a seminar on "Ways of Knowing."
Prior to his appointment as president, Dr. DeGioia held a variety of senior administrative positions at Georgetown, including senior vice president, responsible for university-wide operations, and dean of student affairs. In 2004, he was presented with a Lifetime Achievement Award for Excellence in Academia from the Sons of Italy.
Alan Greenspan
Alan Greenspan is president of Greenspan Associates, LLC and was the 13th chairman of the Federal Reserve Board, a position he held for more than 18 years. From 1974 to 1977, Greenspan was chairman of President Gerald Ford’s Council of Economic Advisers; and from 1981 to 1983, he served as chairman of the National Commission on Social Security Reform. Before his appointment to the Fed in 1987, Greenspan served as a director of J.P. Morgan, Mobil, Alcoa, General Foods, and Capital Cities/ABC. He has received the Legion of Honor from France, became an honorary Knight Commander of the British Empire, and received the Medal of Freedom, the highest civil award in the US. He is the author of The Age of Turbulence: Adventures in a New World.
Sandra Day O'Connor
Sandra Day O'Connor is a retired Associate Justice. She was born in El Paso, Texas, March 26, 1930. She received her B.A. and LL.B. from Stanford University.
She served as Deputy County Attorney of San Mateo County, California from 1952-1953 and as a civilian attorney for Quartermaster Market Center, Frankfurt, Germany from 1954-1957.
From 1958-1960, she practiced law in Maryvale, Arizona, and served as Assistant Attorney General of Arizona from 1965-1969. She was appointed to the Arizona State Senate in 1969 and was subsequently reelected to two two-year terms. In 1975 she was elected Judge of the Maricopa County Superior Court and served until 1979, when she was appointed to the Arizona Court of Appeals.
President Reagan nominated her as an Associate Justice of the Supreme Court, and she took her seat September 25, 1981. Justice O'Connor retired from the Supreme Court on January 31, 2006.
Retired Supreme Court Justice Sandra Day O'Connor worries about the effect of increased political campaign contributions to state judicial races on the integrity of an independent judiciary.
She says of justice, "the more you pay for it, maybe the less it's worth."
Alan Greenspan discusses the difficulty of establishing clear property rights and copyright laws when the property in question is more frequently intellectual, rather than tangible.
(born March 6, 1926, New York, N.Y., U.S.) U.S. economist and chairman of the board of the Federal Reserve System from August 1987 to January 2006. He received a doctorate from New York University in 1977. Having become a private economic consultant, Greenspan served as chairman of the president's Council of Economic Advisers under Pres. Gerald Ford. From 1981 to 1983 he chaired the bipartisan National Commission on Social Security Reform. In 1987 Pres. Ronald Reagan appointed him chairman of the Federal Reserve Board, a position he continued to hold under Presidents George Bush, Bill Clinton, and George W. Bush. As Federal Reserve chairman, he became known for his decisive use of monetary policy in steering the economy between the hazards of inflation and recession.
it all comes down to trust. did you trust Paulsen when he ran Goldman sachs? did you trust him as treasury secretary? If you trust corporations but not government, when did you stop trusting Paulsen? Can you trust the government? can you trust companies to do the right thing? I think you need to legislate trust out of the situation. like having three branches of government. something any way. greed is infectious. Everyone has their price, coruption is the final enemy.
Right! If you want to distribute wealth, you gotta create it first, and there are lots of economic theories about how to do that!
What I've never read about (well to be fair Fareed Zakaria has written some about it, to be fair), is when to redistribute the wealth.
I mean, I'm sick and tired of the excuse "If we pay more taxes now, we can't invest and make more money and we will not be able to help the poors in the future".
How long have they been giving this answer? And will they ever stop using it?
