Credit-default swaps, I think, have serious problems associated with them.
ALAN GREENSPANNow, I only play very occasionally, and in fact, more piano than clarinet or sax.
More Alan Greenspan Quotes
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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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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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Senator, if I seem clear to you, you must have misunderstood me’.
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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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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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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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History cannot be reduced to a set of statistics and probabilities.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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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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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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No one has ever eliminated any of that stuff.
ALAN GREENSPAN