Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
ALAN GREENSPANAnyone 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
More Alan Greenspan Quotes
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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 number one problem in today’s generation and economy is the lack of financial literacy.
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Anything that we can do to raise personal savings is very much in the interest of this country.
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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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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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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.
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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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History cannot be reduced to a set of statistics and probabilities.
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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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Amateurs want to be right. Professionals want to make money.
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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.
ALAN GREENSPAN