Born in 1926 in New York City, Alan Greenspan worked as a Juilliard- trained professional musician before studying Economics at New York University, where he earned his PhD. From 1974 to 1977, he served as Chair of the Council of Economic Advisers under President Gerald Ford. In 1987, President Ronald Reagan appointed him Chairman of the Federal Reserve Board, a position he held until his retirement in 2006. He is the author of the bestselling The Age of Turbulence and The Map and the Territory 2.0. Adrian Wooldridge is the Economist 's political editor and writes the Bagehot column. He has also worked as the Economist 's American bureau chief and author of the Lexington column, and management editor and author