“There are winners and there are losers. And as much as we would like to help the losers, if we do it in the way that directs the limited capital of the society to support the low-productivity parts of the economy, it means that the rest of the economy - our overall standard of living - will not rise as much as it could.”

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.