Alan Greenspan, economist and longtime head of the Federal Reserve, dies at 100
Source: NBC News
Jun. 22, 2026, 7:03 AM EDT
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, his wife said in a statement.
He was 100.
Greenspan helped shape modern American capitalism from the final years of the Cold War era through the dawn of the digital age. He presided over the Fed during one of the longest economic expansions in U.S. history, a boom stretching from 1991 to 2001. But he was also faulted for decisions that critics say created the conditions for the global financial crisis of 2007-08, such as advocating for deregulation of the financial sector.
He is survived by his wife of 29 years, Andrea Mitchell, the chief Washington correspondent and chief foreign affairs correspondent for NBC News. Alan passed away at our home this morning at the age of 100 from complications of Parkinsons Disease, Mitchell said in a statement. He was a giant of a man who helped shape the U.S. economy for decades under presidents of both parties, but was always honest in acknowledging his mistakes, she said.
Read more: https://www.nbcnews.com/news/obituaries/alan-greenspan-economist-longtime-head-federal-reserve-dies-100-rcna42286
bucolic_frolic
(56,287 posts)GCG
(135 posts)raccoon
(32,499 posts)They must be part vampire.
Javaman
(66,024 posts)while the rest of us...
BComplex
(10,013 posts)worth of damage to a very young democracy. I don't get it, either, Raccoon.
Javaman
(66,024 posts)Martin Eden
(16,029 posts)Alan Greenspan is dead.
Good.
GiqueCee
(5,029 posts)... that Greenspan was also an ardent devotee of Alisa Rosenbaum's (Ayn Rand's real name) psychotic bullshit.
I suspect that Elon Musk might be that deranged as well, given his diatribes against empathy. Rand hated altruism in any and every form, and ranted against it at every possible opportunity. A real sweetheart, that one.
BComplex
(10,013 posts)Chicago. I wish her shit would have died with her.
GiqueCee
(5,029 posts)Congressman Paul Ryan made his entire staff read her doorstop books. Her essays were, shall we say, colorful, as well, and just as poorly written as Fountainhead Shrugged. (Both books were so similar in plot lines, that they may as well have been one cinder block of a book) The Virtue of Selfishness is mercifully short, but still vomit-inducing to anyone with a shred of conscience.
pansypoo53219
(23,252 posts)page it was so bad. and i read dictionaries + old encyclopedias. shit. i read a 20's book on sexual diseases. spinsters was a disease.
BumRushDaShow
(173,361 posts)SouthBayDem
(33,440 posts)GiqueCee
(5,029 posts)mountain grammy
(29,347 posts)Wish I had. Could of been useful. Thanks for that info.
GiqueCee
(5,029 posts)... I worked for a couple of guys who were serious "Objectivists", which is what keen followers of Rand called themselves. I was strongly encouraged to read her works, so I know a lot more about her than I would like.
Sadly, the stench of her influence lives on in the GOP.
radical noodle
(10,737 posts)He warned against income inequality, but seemed to blame the poor for not being properly educated instead of blaming the greedy rich.
OhioBack2Blue
(225 posts)I remember this moron, from late 80s & 90s, talking on news programs. I was in my 20s and knew he was absolutely he was taking down the middle class with his bonkers Ayn Rand jibberish.
And, as proof establishment Dems and Rs are in bed together in a "unitary party" here is who appointed him Reagan, Bush, Clinton (reappointed), and George W. Bush. The fix was clearly in when Bakker and Volker put Greenspans name to Reagan initially.
This man alone, is responsible for tremendous damage to the middle class of the United States of America.
Our system is so broken.
Still waiting for Americans to unite and pick up the pitchforks.
lildDemz
(103 posts)while it was being written.
popsdenver
(2,775 posts)sub human pieces of shit, full of self aggrandizement, like so many other modern day Republican Politcians and Republican leading figures.......there are countless numbers of them, all relying on others with similar thinking to prop each other, and themselves up....
Aristus
(72,715 posts)I don't believe in a Hell for him to burn in for all eternity. But at least we human beings are rid of that asshole.
TygrBright
(21,411 posts)I wanna go water it.
hopefully,
Bright
modrepub
(4,241 posts)Not to praise him.
Seriously, this was a guy whose only job was to make milquetoast statements that would have reporters and pundits grasping for interpretation. Like Chauncey Gardiner in Being There. Never experienced a real days work in his life and his long tenure probably did more damage to the economy than if we had switched out after his term expired.
Martin68
(28,255 posts)Grins
(9,586 posts)Smart, but when needed he decided being a Republican was more important than being an honest economist. He marveled at Bill Clinton's curiosity over the economy and the national debt, stunned when he turned theory into policy that turned into a surplus.
Then, on the FOURTH DAY of our "MBA president's" first term, this guy, no fucking less:
Bush signed the GOP tax cut bill into law 07 June 2001. And Clinton's surpluses evaporated! Revenues plunged, the economy slid into a recession, the stock market began a three-year plunge that wiped out investment profits. The GOP's projections of surpluses of $5.6 trillion over 10 years, became deficits of at least $1.4 trillion to $5 trillion.
And then 9/11 hit....
question everything
(52,606 posts)Why all the vile pouring here?
BumRushDaShow
(173,361 posts)Link to tweet
@ianbremmer
·
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ayn rand was in the oval office when alan greenspan was sworn in as chairman of the council of economic advisers.
worth remembering how her thinking landed at a very specific point in time and really influenced the course of us economic history.
Image
10:20 AM · Jun 22, 2026

question everything
(52,606 posts)PuraVidaDreamin
(4,728 posts)Thats all Ive got.
Martin68
(28,255 posts)pansypoo53219
(23,252 posts)KILL THE CAP!
BlueTsunami2018
(5,132 posts)But somehow the worst of the worst seem to linger forever.
Wild blueberry
(8,414 posts)BaronChocula
(4,950 posts)generalbetrayus
(2,057 posts)
CousinIT
(12,883 posts)...predicted the derivatives crash a decade before it happened. She was hushed, marginalized, and silenced for it. Because they didn't think any woman would know what she was talking about when it came to the economy.