I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
ALAN GREENSPANThose of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
More Alan Greenspan Quotes
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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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I have long argued that paying down the national debt is beneficial for the economy.
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Market financed withdrawals of home equity in recent years.
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.
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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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I’m a better economist than I was a sax player.
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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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The guiding purpose of the government regulator is to prevent rather than to create something.
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Derivatives have permitted the unbundling of financial risks.
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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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It’s a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.
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Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
ALAN GREENSPAN