Quote by: Alan Greenspan

Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.


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Author Bio


  • NameAlan Greenspan
  • Description13th Chairman of the Federal Reserve in the United States
  • BornMarch 6, 1926
  • CountryUnited States Of America
  • ProfessionEconomist; Banker; Politician; Entrepreneur; Jazz Musician
  • AwardsKnight Commander Of The Order Of The British Empire; Presidential Medal Of Freedom