We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures.
ALAN GREENSPANThe guiding purpose of the government regulator is to prevent rather than to create something.
More Alan Greenspan Quotes
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I’m a plain soap kind of guy.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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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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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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Excessive optimism sows the seeds of its own reversal.
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Well, 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.
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The need for values is inbred. Their content is not.
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Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.
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A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage.
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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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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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Market financed withdrawals of home equity in recent years.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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Gold still represents the ultimate form of payment in the world.
ALAN GREENSPAN