Online Business Degrees, Alan Greenspan And His Legacy By: Paul Rodgerson
Alan Greenspan, American economist and Chairman of the Federal Reserve of the United States of America from 1987 to 2006 has presided over some of the best economic times this country has ever seen. He has been praised for his stewardship of the stock market crash of 1987 as well as for his management of the 1990s internet-boosted economic boom, which eventually went bust in March 2000.
However, many congressional leaders and economists like Paul Krugman and Joseph E. Stiglitz, have blamed him for the devastating recession that has hit us in recent times. His supportive policies of sub-prime lending vehicles like ARMs have been held culpable for the current crisis. However, most people will agree that Greenspan is a leading authority on America’s monetary policy as well as domestic economy and he still actively influences the economy.
During his stint as chairperson of the Federal Reserve, he was nicknamed ‘the maestro.’ The prevalent debate these days is whether he ought to be termed an economic genius or just plain lucky.
Savior of the Financial World
Alan Greenspan has always been applauded for maintaining low interest rates and for overseeing two of the biggest and economic booms that America has ever witnessed, along with just two mild recessions. So was his long and largely successful a mere fluke?
The Economist thinks that it is too soon to applaud the economic policies of ‘the maestro.’ It has also criticized Greenspan for the bursting of the housing as well as the stock market bubbles. It pinpoints his encouragement of the negative household savings rate among Americans as responsible for our current financial troubles.
Greenspan’s aversion for high interest rates has been held ultimately responsible for America’s financial responsibility. So if you are thinking of following Alan Greenspan’s footsteps, remember that a career in finance and economics will see a lot of ups and downs, but getting a good university degree can certainly ensure a relatively stable career. If you already have a fulltime job, you might consider getting a degree in a good online university. This way you can have your cake and eat it too.
Free info from the country's best online mba degree schools.
However, many congressional leaders and economists like Paul Krugman and Joseph E. Stiglitz, have blamed him for the devastating recession that has hit us in recent times. His supportive policies of sub-prime lending vehicles like ARMs have been held culpable for the current crisis. However, most people will agree that Greenspan is a leading authority on America’s monetary policy as well as domestic economy and he still actively influences the economy.
During his stint as chairperson of the Federal Reserve, he was nicknamed ‘the maestro.’ The prevalent debate these days is whether he ought to be termed an economic genius or just plain lucky.
Savior of the Financial World
Alan Greenspan has always been applauded for maintaining low interest rates and for overseeing two of the biggest and economic booms that America has ever witnessed, along with just two mild recessions. So was his long and largely successful a mere fluke?
The Economist thinks that it is too soon to applaud the economic policies of ‘the maestro.’ It has also criticized Greenspan for the bursting of the housing as well as the stock market bubbles. It pinpoints his encouragement of the negative household savings rate among Americans as responsible for our current financial troubles.
Greenspan’s aversion for high interest rates has been held ultimately responsible for America’s financial responsibility. So if you are thinking of following Alan Greenspan’s footsteps, remember that a career in finance and economics will see a lot of ups and downs, but getting a good university degree can certainly ensure a relatively stable career. If you already have a fulltime job, you might consider getting a degree in a good online university. This way you can have your cake and eat it too.
Free info from the country's best online mba degree schools.
Total Views : 2 Word Count: 353 See All Articles By Paul Rodgerson