The number of mistakes I have made are just awesome. There is no number large enough to account for that.
ALAN GREENSPANWe will have more crises and none of them will look like this because no two crises have anything in common except human nature.
More Alan Greenspan Quotes
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The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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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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Significantly opening up immigration to skilled workers solves two problems.
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They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
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Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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The need for values is inbred. Their content is not.
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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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Whatever you tax you get less of.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
ALAN GREENSPAN






