We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
ALAN GREENSPANThe recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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The free lunch has still to be invented.
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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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Credit-default swaps, I think, have serious problems associated with them.
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I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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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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The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
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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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I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically — I should say, fully — hedged.
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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
ALAN GREENSPAN