It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
ALAN GREENSPANEveryone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
More Alan Greenspan Quotes
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The 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.
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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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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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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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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.
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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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The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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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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If I say something which you understand fully in this regard, I probably made a mistake.
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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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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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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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Revolutions are something you see only in retrospect.
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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
ALAN GREENSPAN