If we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.
ALAN GREENSPANRegulators have not been able to achieve the level of future clarity required to act pre-emptively.
More Alan Greenspan Quotes
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
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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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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I’m only half joking
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I’m a better economist than I was a sax player.
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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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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
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And she always has so much fun doing it. We make a good team.
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Rules cannot take the place of character.
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We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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Derivatives have permitted the unbundling of financial risks.
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The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
ALAN GREENSPAN