Rules cannot take the place of character.
ALAN GREENSPANProtectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
More Alan Greenspan Quotes
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And the percentage changes in wage rates would be the same for all job grades.
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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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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures.
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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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Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices.
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
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Excessive optimism sows the seeds of its own reversal.
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At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable.
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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 long argued that paying down the national debt is beneficial for the economy.
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So there is no reason to suspect that the actual process of boosting rates would be any different.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
ALAN GREENSPAN