Greenspan's memoirs sold to Penguin

Former Federal Reserve Chairman Alan Greenspan signed a deal on Tuesday to publish his memoirs with The Penguin Press.

"It is a singular honor for The Penguin Press to publish Alan Greenspan, who has spent his extraordinary career reckoning with how the world really works," Penguin President and Publisher Ann Godoff said in a statement.

"His book will be about what we can know, what we can't know and what we should do about it."

Penguin, a unit of Pearson plc, said it would publish Greenspan's

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