Posted on 06/22/2026 5:14:16 AM PDT by johniegrad
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, according to his wife, NBC News correspondent Andrea Mitchell.
(Excerpt) Read more at nbcnews.com ...
100 years is a long run
An acolyte of Ayn Rand at one time. Greenspan consulted her on whether he should take up the chairmanship. She essentially told him that if the position was going to be filled by someone, it was best that it was him, who understood what the role entailed better than anyone else.
Rest in Peace, Alan.............
Greenspan and Kissinger. At the heart of US monetary and foreign policy. Both lived to be 100 and still consulted in their last decades.
And wife, 79 year old Andrea Mitchell, will still trot off to work at NBC today in all likelihood. Never cared for her, loved it when Rush mocked her.
Alan secretly pinned the US dollar to Gold. This is why during his reign gold became as low as 300$ an Oz. Ayn Rand believed money should be based on something objective, something real , especially Gold . So Greenspan did likewise. R.I.P. Alan Greenspan!
Rush called her “Angrier Mitchell” for the sour face and demeanor she assumed whenever talking with Republicans.
When I see her name I still read it as 'Andrea Mitchell, NBC News' like Rush use to say it!
RIP. Legend.
If Mel Brooks can make it to the end of this month he too will hit the century mark. Not quite the 1000 year old man but I bet he will be remembered long after he is gone.
"We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power."
https://constitution.org/1-Activism/mon/greenspan_gold.htm
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."
- Gold and Economic Freedom, by Alan Greenspan
Published in Ayn Rand's "Objectivist" newsletter in 1966, and reprinted in her book, Capitalism: The Unknown Ideal, in 1967.
Andrea’s schnozz was very sexy.
The bond market lived and died by every word he said. Economists use to try and figure out his decisions by what hand he held his briefcase in before an FOMC meeting and other such nonsense. It was ludicrous how much power one man had. Good or bad. He was one of the better ones. RIP.
I should clarify that it is ludicrous how much power one UNELECTED man had.
I wonder what the size of his estate is.
Always amazed here that he would marry a far-left liberal like Andrea Mitchell.
“size of his estate”
around $20 million
That’s what she said.
Agreed. His “Irrational Exuberance” speech in 1996 was correct (however, a few years early) ,,,,,,but he helped fuel it by lowering interest rates in the next couple years. I never understood that move.
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