Former Federal Reserve Chairman Alan Greenspan has passed away at the age of 100, marking the end of an era in modern economic history.

Greenspan served as Chair of the Federal Reserve from 1987 to 2006, making him one of the most influential central bankers of the modern age. During his nearly two-decade tenure, he guided U.S. monetary policy through major events including the 1987 stock market crash, the economic expansion of the 1990s, the dot-com bubble, and the aftermath of the September 11 attacks.

Known by many as “The Maestro,” Greenspan became a symbol of central bank influence, with his comments and policy decisions often moving financial markets around the world.

However, his legacy remains a subject of debate. Following the 2008 Global Financial Crisis, critics argued that prolonged low interest rates and support for financial deregulation contributed to the conditions that fueled excessive risk-taking and asset bubbles. Greenspan himself later acknowledged that some of his assumptions about the ability of financial markets to self-regulate had been flawed.

For investors, economists, and policymakers, Greenspan’s career represents both the power and the limitations of central banking in shaping economic outcomes.

📌 The bigger question:

Should Alan Greenspan be remembered as the architect of one of the greatest economic expansions in modern history, or as a key figure whose policies helped lay the groundwork for the financial crisis that followed?

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