We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
ALAN GREENSPANCash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
More Alan Greenspan Quotes
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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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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What an ideology is is a conceptual framework with the way people deal with reality.
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Gold still represents the ultimate form of payment in the world.
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Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
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All taxes are a drag on economic growth. It’s only a question of degree.
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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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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