Winston Churchill once said to his fellow countrymen, “We have not journeyed across the centuries, across the oceans, across the mountains, across th… - Alan Greenspan

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Winston Churchill once said to his fellow countrymen, “We have not journeyed across the centuries, across the oceans, across the mountains, across the prairies, because we are made of sugar candy.” Today, thanks to a malign combination of litigation, regulation, and pedagogical fashion, sugar-candy people are everywhere.

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About Alan Greenspan

Alan Greenspan (born March 6, 1926) is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. First appointed Federal Reserve chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006 after the second-longest tenure in the position.

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America’s genius lay in three things that are rather more subtle than invention: making innovations more user friendly; producing companies that can commercialize these innovations; and developing techniques for running these companies successfully.

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