Credit-default swaps, I think, have serious problems associated with them.
ALAN GREENSPANDerivatives have permitted the unbundling of financial risks.
More Alan Greenspan Quotes
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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The process of innovation is, of course, never ending.
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I’m a better economist than I was a sax player.
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Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.
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If you think you understand what I am saying you do not understand what I am saying.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
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In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
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In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals.
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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Senator, if I seem clear to you, you must have misunderstood me’.
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And she always has so much fun doing it. We make a good team.
ALAN GREENSPAN






