This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets.
ALAN GREENSPANIf we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
More Alan Greenspan Quotes
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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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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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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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If I say something which you understand fully in this regard, I probably made a mistake.
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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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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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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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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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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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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I have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
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And she always has so much fun doing it. We make a good team.
ALAN GREENSPAN






