The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
ALAN GREENSPANWe can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
More Alan Greenspan Quotes
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The number one problem in today’s generation and economy is the lack of financial literacy.
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And the percentage changes in wage rates would be the same for all job grades.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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Credit-default swaps, I think, have serious problems associated with them.
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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable.
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Productivity is notoriously difficult to predict.
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If I’ve made myself clear, I’ve misspoken.
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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Senator, if I seem clear to you, you must have misunderstood me’.
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No one has ever eliminated any of that stuff.
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It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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Gold still represents the ultimate form of payment in the world.
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Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.
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Deficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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It keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
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Excessive optimism sows the seeds of its own reversal.
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
ALAN GREENSPAN