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 GREENSPANHow do we know when irrational exuberance has unduly escalated asset values?
More Alan Greenspan Quotes
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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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.
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It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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There is no evidence that the business cycle has been repealed.
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I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
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Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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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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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
ALAN GREENSPAN -
I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
ALAN GREENSPAN -
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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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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And she always has so much fun doing it. We make a good team.
ALAN GREENSPAN