It signals problems with respect to currency markets. Central banks should pay attention to it.
ALAN GREENSPANCorruption, embezzlement, fraud, these are all characteristics which exist everywhere.
More Alan Greenspan Quotes
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Rules cannot take the place of character.
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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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Market financed withdrawals of home equity in recent years.
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If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
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People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward.
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The free lunch has still to be invented.
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Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
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Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset.
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Whatever you tax you get less of.
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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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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
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I have long argued that paying down the national debt is beneficial for the economy.
ALAN GREENSPAN