It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
ALAN GREENSPANSome succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
More Alan Greenspan Quotes
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The worst have failed; investors no longer fund them and are not likely to in the future.
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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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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It signals problems with respect to currency markets. Central banks should pay attention to it.
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I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
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The Iraq War is largely about oil.
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Revolutions are something you see only in retrospect.
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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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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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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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The tub helps me relax, and it’s a great place to read.
ALAN GREENSPAN






