If I seem unduly clear to you, you must have misunderstood what I said.
ALAN GREENSPANThe true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
More Alan Greenspan Quotes
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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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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If you think you understand what I am saying you do not understand what I am saying.
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Productivity is notoriously difficult to predict.
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I’ve been in and out of Wall Street since 1949, and I’ve never seen the type of animosity between government and Wall Street. And I’m not sure where it comes from, but I suspect it’s got to do with a general schism in this society which is really becoming ever more destructive.
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Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.
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And she always has so much fun doing it. We make a good team.
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Derivatives have permitted the unbundling of financial risks.
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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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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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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
ALAN GREENSPAN -
The process of innovation is, of course, never ending.
ALAN GREENSPAN