“Every economy exists, no matter what the level of democracy, has elements of crony capitalism. It's - given human nature and given the democratic structures, which we all, I assume, adhere to, that is an inevitable consequence.”

American economist

Alan Greenspan is an American economist best known for serving as the 13th chair of the Federal Reserve from 1987 to 2006. He later worked as a private adviser and consultant through his firm, Greenspan Associates LLC. His public reputation rests on his long tenure at the Federal Reserve, where he helped shape U.S. monetary policy for nearly two decades. After leaving office, he continued to advise firms in a private capacity, bringing the same economic perspective to consulting work.