Alan Greenspan discusses the increase in U.S. debt levels, the roles of the Central Bank and the European Bailout Fund, and Germany's position in the European financial crisis.
This symposium is presented by the Maurice R. Greenberg Center for Geoeconomic Studies and is made possible through the generous support of Stephen C. Freidheim.
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.
Sebastian Mallaby is director of the Maurice R. Greenberg Center for Geoeconomic Studies and the Paul A. Volcker Senior Fellow for International Economics at the Council on Foreign Relations. He is a columnist and former editorial board member at the Washington Post and author of More Money Than God: Hedge Funds and the Making of a New Elite.