No one has ever eliminated any of that stuff.
ALAN GREENSPANI love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
More Alan Greenspan Quotes
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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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 need for values is inbred. Their content is not.
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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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Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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Derivatives have permitted the unbundling of financial risks.
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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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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 seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
ALAN GREENSPAN