So there is no reason to suspect that the actual process of boosting rates would be any different.
ALAN GREENSPANRegulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
More Alan Greenspan Quotes
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The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.
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In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals.
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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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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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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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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Rules cannot take the place of character.
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If I say something which you understand fully in this regard, I probably made a mistake.
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Excessive optimism sows the seeds of its own reversal.
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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.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
ALAN GREENSPAN