Alan Greenspan facts

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Alan Greenspan once tried to have his dissertation banned from New York University. When a copy was obtained by Barron's, it was found to be "a discussion of soaring housing prices and their effect on consumer spending; it even anticipates a bursting housing bubble."

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Alan Greenspan admitted he was wrong about unregulated financial markets

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1. During Clinton's presidency, then Chairman of the Federal Reserve Alan Greenspan forced Clinton to reduce the deficit by threatening interest rate hikes. Greenspan later wrote in his book about how he singlehandedly put a stop to Clinton's progressive policies.

2. Fedspeak, described as a 'turgid dialect of English' used by US government officials, notably Alan Greenspan, in order to avoid difficult questions on reports and statements

3. The MUI, or Men's Underwear Index, an unconventional economic indicator championed by former Federal Reserve chairman Alan Greenspan. It measures how well the economy is doing based on the sales of men’s underwear.

4. Alan Greenspan (Fed Chair from 1987-2006) was a champion of "job insecurity." If workers are worried about losing their jobs, they won't push for higher wages.

5. Former Fed Chairman Alan Greenspan has a poorly veiled tic in his right eyebrow. Investors measured how high he raised it while talking, saying it was a better indicator of whether interest rates were going up.

6. In an 1988 speech to a Senate Committee Alan Greenspan said "if I turn out to be particularly clear, you've probably misunderstood what I said."

7. Alan Greenspan wrote a thesis about "a discussion of soaring housing prices and their effect on consumer spending; it even anticipates a bursting housing bubble."

8. Alan Greenspan, the Federal Reserve chairman for 4 presidents, said 'I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.'

9. In 2003 During the broadcast ABC's World News Tonight, it was accidentally reported via the scroll that "Alan Greenspan in the hospital for an enlarged prostitute" rather than "prostate"

10. In 2003, Bernie Sanders confronted Alan Greenspan publicly on the insanity of his economic ideals. The moment seems to have had a deep enough impact on Greenspan that the man recanted in 2008... after the crash.

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Former Federal Reserve Chairman Alan Greenspan studied Clarinet at Juilliard.