Alan Greenspan

Alan Greenspan (born March 6, 1926) is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. First appointed Federal Reserve chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006, after the second-longest tenure in the position (behind William McChesney Martin).
== Tossup Questions ==
# He wrote that the gold standard protects "savings from confiscation through inflation" in a paper titled Gold and Economic Freedom, a work that was originally published in the Objectivist newsletter and later in Capitalism: The Unknown Ideal, a work by Ayn Rand. More recently, he has discussed the rapid economic growth in post Soviet Russia in his memoir, The Age of Turbulence. He succeeded Paul Volcker in one position, in which his speech about "irrational exuberance" caused major drops in several global stock markets and a Washington Post article titled What Went Wrong blamed him in large part for the current economic crisis. FTP, identify this man who was succeeded by Ben Bernanke as Chairman of the Federal Reserve.
# He wrote that the gold standard protects from confiscation through inflation in a paper entitled Gold and Economic Freedom that appeared in Ayn Rand's Capitalism: the Unknown Ideal. Succeeding Paul Volcker in his most famous post, his speeches on irrational exuberance caused drops in stock prices, though his statement that liquidity will be provided eased the severity of a 1987 stock market crash. Criticized by some who claim that he may have caused the recent recession with his loose monetary policies, for 10 points, identify this American economist who was succeeded by Ben Bernanke as Chairman of the Federal Reserve.