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.
ALAN GREENSPANI 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.
More Alan Greenspan Quotes
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more
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The number one problem in today’s generation and economy is the lack of financial literacy.
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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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How do we know when irrational exuberance has unduly escalated asset values?
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They seem to sense… that gold and economic freedom are inseparable.
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Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices.
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These days, even out of office, I still read economic reports.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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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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History cannot be reduced to a set of statistics and probabilities.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
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If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
ALAN GREENSPAN -
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.
ALAN GREENSPAN