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The Economic Legacy of Alan Greenspan: Insights and Impact

Alan Greenspan served as Chairman of the Federal Reserve from 1987 to 2006, shaping U.S. monetary policy for nearly two decades. His tenure was marked by periods of economic growth, inflation control, and significant financial deregulation. Greenspan's influential theories on rational expectations and monetary policy continue to spark debate among economists and policymakers. This overview explores his key contributions, decisions during economic crises, and the long-term implications of his leadership on both global and domestic economies.

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The Economic Legacy of Alan Greenspan: Insights and Impact

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  1. Alan Greenspan:

  2. Ayn Rand and I remained close until she died in 1982, and I'm grateful for the influence she had on my life. I was intellectually limited until I met her. All of my work had been empirical and numbers-based, never values-oriented. I was a talented technician, but that was all. My logical positivism had discounted history and literature -- if you'd asked me whether Chaucer was worth reading, I'd have said, "Don't bother." Rand persuaded me to look at human beings, their values, how they work, what they do and why they do it, and how they think and why they think. This broadened my horizons far beyond the models of economics I'd learned. I began to study how societies form and how cultures behave, and to realize that economics and forecasting depend on such knowledge -- different cultures grow and create material wealth in profoundly different ways.
  3. Ayn Rand and I remained close until she died in 1982, and I'm grateful for the influence she had on my life. I was intellectually limited until I met her. All of my work had been empirical and numbers-based, never values-oriented. I was a talented technician, but that was all. My logical positivism had discounted history and literature -- if you'd asked me whether Chaucer was worth reading, I'd have said, "Don't bother." Rand persuaded me to look at human beings, their values, how they work, what they do and why they do it, and how they think and why they think. This broadened my horizons far beyond the models of economics I'd learned. I began to study how societies form and how cultures behave, and to realize that economics and forecasting depend on such knowledge -- different cultures grow and create material wealth in profoundly different ways.
  4. Ayn Rand “the lifeline feeding any social system is a culture’s dominant philosophy and . . . Capitalism never had a philosophical base” (24).

  5. David Mamet (1947 - )

  6. David Mamet (1947 - )
  7. David Mamet (1947 - ) Goddard College
  8. David Mamet (1947 - ) Goddard College Founds theater company, S. Nicholas Theatre Company
  9. David Mamet (1947 - ) Goddard College Founds theater company, S. Nicholas Theatre Company Meets William H. Macy
  10. David Mamet (1947 - ) Goddard College Founds theater company, S. Nicholas Theatre Company Meets William H. Macy Brief stint in real estate
  11. David Mamet (1947 - ) Early dialogue plays
  12. David Mamet (1947 - ) Early dialogue plays Radio plays
  13. David Mamet (1947 - ) Early dialogue plays Radio plays Emphasis on dialogue and speech
  14. David Mamet (1947 - ) Early dialogue plays Radio plays Emphasis on dialogue and speech Sociolect: distinct idiom of a social group
  15. Capitalist existentialism
  16. Capitalist existentialism Water Engine: Chicago World Fair; pyramid scheme
  17. Capitalist existentialism Water Engine: Chicago World Fair; pyramid scheme American Buffalo: pawn shop
  18. Capitalist existentialism Water Engine: Chicago World Fair; pyramid scheme American Buffalo: pawn shop Cons: House of Cards; The Spanish Prisoner
  19. Glengarry Glen Ross (1983) Real estate idiom
  20. Glengarry Glen Ross (1983) Real estate idiom Leads
  21. Glengarry Glen Ross (1983) Real estate idiom Leads Sales maxims (5th clip: 08:32)
  22. Glengarry Glen Ross (1983) Real estate idiom Leads Sales maxims Closing
  23. Glengarry Glen Ross (1983) Real estate idiom Leads Sales maxims Closing Roma’s sale [first bookmark: 4:31]
  24. Glengarry Glen Ross (1983) Real estate idiom Leads Sales maxims Closing Roma’s sale [first bookmark: 4:31] The fabrication [second bookmark: 1:09]
  25. How language works:
  26. How language works: Threats
  27. How language works: Threats Fantasies
  28. How language works: Threats Fantasies Insinuations
  29. How language works: Threats Fantasies Insinuations Robbery plot: just listening means being implicated [third bookmark: 0:45]
  30. Talking too much
  31. Talking too much Levine reveals himself [1:23:46]
  32. Dramaticinfluences:
  33. Dramaticinfluences: Samuel Beckett (dramatist of inaction)
  34. Dramaticinfluences: Samuel Beckett (dramatist of inaction) Harold Pinter
  35. Dramaticinfluences: Samuel Beckett (dramatist of inaction) Harold Pinter (dramatist of silence)
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