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.
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.
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.
Alan Greenspan