Politics of the Åland Islands takes place in a framework of a parliamentary representative democratic autonomous, demilitarised and unilingually Swedish territory of Finland, whereby the Lantråd is the head of government, and of a multi-party system.

The Åland Islands are governed according to the Act on Åland Autonomy and international treaties, which guarantees autonomy and demilitarized status. The Government of Åland, or Landskapsregering, is dependent on the Parliament of Åland, or Lagting, according to the principles of parliamentarism.

In 1634, Åland was made part of the Åbo and Björneborg County as a part of the grand administrative reforms initiated by count Axel Oxenstierna. The county became part of the Russian Empire within the Grand Duchy of Finland in 1809, when Sweden was forced to cede vast areas in the Napoleonic Wars. When Finland declared its independence in 1917, the newly established state inherited the Åland islands.

During the Civil War in 1918, some Russian troops were still stationed on the islands, causing serious instability and nervousness. This anxiety in the local population, and in the other Scandinavian states, resulted in a Swedish occupation and 7,135 people (of a total population of approximately 22,500 at the time) signing the address for Åland joining the kingdom of Sweden. The fear of Russia finally resulted in a German occupation of the islands. In the mean time, the Finnish press was playing with the idea of an exchange of land areas between Sweden and Finland. The areas in question of this exchange would have been the Swedish speaking Åland to Sweden and some Finnish speaking areas of Norrbotten and Västerbotten to Finland. The response from the Swedish government was bluntly negative to any exchanges of this nature.

Alan Greenspan (/ˈælɨn ˈɡriːnspæn/; born March 6, 1926) is an American economist who served as Chairman of the Federal Reserve of the United States from 1987 to 2006. He currently works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. First appointed Federal Reserve chairman by President Ronald Reagan in August 1987, he was reappointed at successive four-year intervals until retiring on January 31, 2006 after the second-longest tenure in the position.

Greenspan came to the Federal Reserve Board from a successful consulting career, holding political views influenced by Ayn Rand. Although he was subdued in his public appearances, favorable media coverage raised his profile to a point that several observers likened him to a "rock star". Democratic leaders of Congress criticized him for politicizing his office because of his support for Social Security privatization and tax cuts that they felt would increase the deficit. The easy-money policies of the Fed during Greenspan's tenure has been suggested to be a leading cause of the subprime mortgage crisis, which occurred within months of his departure from the Fed, and has, said the Wall Street Journal, "tarnished his image".