So there is no reason to suspect that the actual process of boosting rates would be any different.
ALAN GREENSPANSo there is no reason to suspect that the actual process of boosting rates would be any different.
ALAN GREENSPANWell, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
ALAN GREENSPANHow do we know when irrational exuberance has unduly escalated asset values?
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.
ALAN GREENSPANGold still represents the ultimate form of payment in the world.
ALAN GREENSPANThere’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
ALAN GREENSPANIndeed, better risk management may be the only truly necessary element of success in banking.
ALAN GREENSPANEnhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
ALAN GREENSPANWhile local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
ALAN GREENSPANAmateurs want to be right. Professionals want to make money.
ALAN GREENSPANI was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
ALAN GREENSPANAn almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
ALAN GREENSPANYou can’t have the capitalist system if an increasing number of people think it is unjust.
ALAN GREENSPANI’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
ALAN GREENSPANWe cannot rule out a situation in which a preemptive policy tightening becomes necessary.
ALAN GREENSPANThe free lunch has still to be invented.
ALAN GREENSPAN