History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
ALAN GREENSPANIt has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
More Alan Greenspan Quotes
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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There is no evidence that the business cycle has been repealed.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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Market financed withdrawals of home equity in recent years.
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I’m only half joking
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I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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The process of innovation is, of course, never ending.
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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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Excessive optimism sows the seeds of its own reversal.
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Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
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There are no easy choices. Easy choices are long gone.
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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
ALAN GREENSPAN






