Alan Greenspan, The Age of Turbulence

Cover of "The Age of Turbulence: Adventur...

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Alan Greenspan, The Age of Turbulence, Adventures in A New World, by Alan Greenspan 2007, the Penguin Press

What if the Keynes offered mathematically elegant solution and the Keynesian interventionism, which the theoretical basis for much of this laid down by the great Cambridge economist John Maynard Keynes and his masterworks “The General Theory of Employment” and “Interest and Money” that had provided the intellectual underpinning for Roosevelt’s New Deal, and the discipline Keynes created now known as macroeconomics, all were deemed as without real world experience based analyses but only a few of simple business facts could be overruled? In Alan Greenspan’s 2007 autobiography, The Age of Turbulence, there is a witty, humorous description of such a question. When I had been trying to answer such a question in 1996 autumn semester at CUNY Baruch business graduate school, that question ended with introduction of some controversial marketing concepts and consumer behavior of myself in the Virgin Records shop with Madonna’s dated single album compact disc buying, The Lucky Star, and REM’s latest album Wake Up Bomb(New Adventures in Hi-Fi). That was a matter of fact, I’d say. But I still do not have an answer to this question, even that I don’t think anyone could confirm there would be a definite answer to be presented to this question. Mr Alan Greenspan answered this question in his 2007 autobiography, The Age of Turbulence, for a perfect period of his eighteen and half a year of Federal Reserve Chairman career. He is a New Yorker, from uptown West Side of Manhattan of a Jewish family. His father was a businessman who was writing business books and sent Mr Alan Greenspan one copy as a birthday gift. As a New Yorker and an eighteen and half a year Federal Reserve Chairman, of course he can write. Just like the opinion and comment to Mr Bill Clinton and Mrs Hillary R. Clinton about their 2003 autobiography writings, My Life and Living History, in contemporary fashion and Mr Alan Greenspan shall deserve the same opinion and comment to his autobiography masterpiece, Alan Greenspan, The Age of Turbulence.

Mr Chairman Alan Greenspan mentioned in details the Wall Street “Black Monday” which happened in 1987, the stock market crashed when he was just appointed by President Ronald Reagan to be Federal Reserve Chairman from an enterprise holder of Townsend-Greenspan company. Mr Chairman Alan Greenspan had been kept appointed by President Reagan, President George H.W. Bush, President Clinton, until 2006 January Mr George W. Bush became President to be eighteen and half a year of Federal Reserve Chairman.

Mr Alan Greenspan had a wife of NBC chief foreign affairs correspondent in Washington. The New York Times in 2006 had their marriage and wedding news. Mr Alan Greenspan did not agree with President Nixon and ever refused his job offer, saying that he would go back to his job. In his autobiography, Alan Greenspan, The Age of Turbulence, he writes, “To be largely free of fear of a secret police arbitrarily hauling us off for interrogation for ‘crimes’ we never knew existed is something not to be taken for granted.(page 468)” We can think of his Jewish background and infer that Mr Alan Greenspan was always involved in the security of this country, equality of the citizens and the Wall Street to be a devoted New Yorker. Also on page 500, Mr Alan Greenspan writes, “Russia has vast natural resources, but it is plagued by a declining population, and as I noted in chapter 16, the nonenergy sections of its economy are at risk from the effects of the Dutch disease. Its encouraging embrace of the rule of law and respect for property rights has given way under Vladimir Putin to selective enforcement of the law based on nationalist expediency, a negation of the very basis of the rule of law.” Mr Chairman Alan Greenspan makes it clear in his autobiography, Alan Greenspan, The Age of Turbulence, that how we should cope with such an invaded problem in that we could comprehend from the title of the word “turbulence”, should be laid as something not to be taken for granted. That’s it.

David CK Chang, SSN057-86-4042,
October 26, 2012,
National Central Library,
Taipei City

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