[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
ALAN GREENSPANWe may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
More Alan Greenspan Quotes
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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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If I say something which you understand fully in this regard, I probably made a mistake.
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Productivity is notoriously difficult to predict.
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Credit-default swaps, I think, have serious problems associated with them.
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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
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The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.
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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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Significantly opening up immigration to skilled workers solves two problems.
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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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Indeed, better risk management may be the only truly necessary element of success in banking.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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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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I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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You can’t have the capitalist system if an increasing number of people think it is unjust.
ALAN GREENSPAN






