Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
ALAN GREENSPANNow, I only play very occasionally, and in fact, more piano than clarinet or sax.
More Alan Greenspan Quotes
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If you think you understand what I am saying you do not understand what I am saying.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I’m only half joking
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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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The worst have failed; investors no longer fund them and are not likely to in the future.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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Whatever you tax you get less of.
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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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Indeed, better risk management may be the only truly necessary element of success in banking.
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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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If we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
ALAN GREENSPAN