Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
ALAN GREENSPANSince I’ve become a central banker, I’ve learned to mumble with great incoherence.
More Alan Greenspan Quotes
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What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn’t be taking it to those who are willing to and are capable of doing so.
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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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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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All taxes are a drag on economic growth. It’s only a question of degree.
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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
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Market financed withdrawals of home equity in recent years.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.
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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
ALAN GREENSPAN