The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
ALAN GREENSPANThe economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
More Alan Greenspan Quotes
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So there is no reason to suspect that the actual process of boosting rates would be any different.
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Anything that we can do to raise personal savings is very much in the interest of this country.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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Significantly opening up immigration to skilled workers solves two problems.
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The process of innovation is, of course, never ending.
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If I say something which you understand fully in this regard, I probably made a mistake.
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Whatever you tax you get less of.
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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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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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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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I’m a plain soap kind of guy.
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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.
ALAN GREENSPAN