Last updated on: 7/27/2011 | Author: ProCon.org

Alan Greenspan, PhD Biography

Title:
Former Chairman of the US Federal Reserve
Position:
Not Clearly Pro or Con to the question "Should the Government Allow Immigrants Who Are Here Illegally to Become US Citizens?"
Reasoning:

“[T]here is little doubt that unauthorized, that is, illegal, immigration has made a significant contribution to the growth of our economy. Between 2000 and 2007, for example, it accounted for more than a sixth of the increase in our total civilian labor force…

[E]conomists generally view the overall economic benefits of this workforce as significantly outweighing the costs. Accordingly, I hope some temporary worker program can be crafted.”

Testimony before the US Senate Subcommittee on Immigration, Refugees, and Border Security, judiciary.senate.gov, Apr. 30, 2009

Involvement and Affiliations:
  • President, Greenspan Associates, LLC
  • Member, Advisory Board, Paulson & Co. Inc., Jan. 2008-present
  • Senior Advisor, Deutsche Bank AG, Aug. 2007-present
  • Consultant, Pacific Investment Management Co LLC, May 2007-present
  • Recipient, Defense Department Distinguished Public Service Award, Jan. 2006
  • Chairman of the US Federal Reserve, Aug. 1987-Jan. 2006
  • Former ex officio member, Board of Directors, Bank for International Settlements
  • Recipient, Presidential Medal of Freedom, 2005
  • Member, Board of Directors, Council on Foreign Relations, 1982-1988
  • Chairman, National Commission on Social Security Reform, 1981-1983
  • Chairman of the Council of Economic Advisors under US President Gerald Ford, 1974-1977
  • Former member, Board of Directors, J.P. Morgan, Alcoa, Mobil Corp., General Foods, and other corporations
  • Former clarinetist, The Henry Jerome Orchestra
Education:
  • PhD, Economics, New York University, 1977
  • MA, New York University, 1950
  • BS, New York University, 1948
  • Attended Columbia University
Other:
  • Married NBC News correspondent Andrea Mitchell, Apr. 6, 1997
  • Born Mar. 6, 1926, New York, NY
Quoted in:
  1. Is Illegal Immigration an Economic Burden to America?