You can’t have the capitalist system if an increasing number of people think it is unjust.
ALAN GREENSPANAny onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices.
More Alan Greenspan Quotes
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Any informed borrower is simply less vulnerable to fraud and abuse.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
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Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
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I don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
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Senator, if I seem clear to you, you must have misunderstood me’.
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There are no easy choices. Easy choices are long gone.
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Whatever you tax you get less of.
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Excessive optimism sows the seeds of its own reversal.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
ALAN GREENSPAN