I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
ALAN GREENSPANTo 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.
More Alan Greenspan Quotes
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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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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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And she always has so much fun doing it. We make a good team.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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These days, even out of office, I still read economic reports.
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I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically — I should say, fully — hedged.
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Gold still represents the ultimate form of payment in the world.
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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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It signals problems with respect to currency markets. Central banks should pay attention to it.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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Credit-default swaps, I think, have serious problems associated with them.
ALAN GREENSPAN






