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Business Daily: Alan Greenspan on Past Crises and Future Challenges

21/10/2013

Alan Greenspan on Past Crises and Future Challenges

BBC World Service - Business Daily, Alan Greenspan on Past Crises and Future Challenges

Former Chairman of the US Federal Reserve Alan Greenspan on the global challenges ahead

Former Chairman of the US Federal Reserve Alan Greenspan on the mistakes made in the years running up to the 2008 financial crisis and the risks for the global economy.

He used to be the most important person in the global economy. Now at 87, former Chairman of the US Federal Reserve Alan Greenspan talks candidly to Evan Davis about the mistakes made in the years running up to the 2008 financial crisis and the risks that lie ahead for the global economy. He tells Evan that he believes growth in China will slow down, that the Tea Party in the USA is right but needs to change its tactics and talks about why economics can find it hard to factor in the impact of human behaviour.

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