Word: greenspan
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Dates: during 1990-1999
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...enemy. Einstein wrote a letter to Roosevelt urging the making of a uranium bomb, and soon a coterie of can-do intellectuals convened at Los Alamos to become the new cowboys of war machinery. Presidents have relied on eggheads ever since: Einstein begat Kissinger begat Rubin, Reich and Greenspan...
...TIME's Person of the Year issue to dangle before guests, I pursued a Noah's Ark theory of who else to invite: two members of Congress, two teachers, two candlestick makers. I warned everyone they would be TIME's guinea pigs. But when you're having Alan Greenspan to dinner, you realize the repercussions of a dyspeptic entree. Who wants to serve the meal that ends the longest economic expansion in peacetime history...
...Alan Greenspan...
...believe that the booming American economy is the story of the 1990s, then Federal Reserve Chairman Alan Greenspan gets my vote as Person of the Decade. The American economy will mark its longest period of uninterrupted expansion this February. During the past nine years, the U.S. unemployment rate has fallen to 4.1%, the lowest level in three decades, while inflation has remained under 3% and interest rates have remained relatively low. The stock market remains at record levels, and productivity grew twice as fast in the 1990s as it did in the 1980s. No one person, of course, can claim...
Despite its lack of substance, at least the debate afforded some moments of levity. The funniest line went to McCain who said that if Federal Reserve Chair Alan Greenspan was to die while he was in office McCain would "do like they did in the movie 'Weekend at Bernie's': I would prop him up and put a pair of dark glasses on him, and keep him as long as we could." It's a good thing at least one of the Republican candidates has his finger on the pulse of the American people...