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.
ALAN GREENSPANWithout calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
More Alan Greenspan Quotes
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Significantly opening up immigration to skilled workers solves two problems.
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I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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If I seem unduly clear to you, you must have misunderstood what I said.
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History cannot be reduced to a set of statistics and probabilities.
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I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
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There is no evidence that the business cycle has been repealed.
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The tub helps me relax, and it’s a great place to read.
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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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It keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
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The 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.
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Excessive optimism sows the seeds of its own reversal.
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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
ALAN GREENSPAN






