The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
ALAN GREENSPANThis is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
More Alan Greenspan Quotes
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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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Excessive optimism sows the seeds of its own reversal.
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All taxes are a drag on economic growth. It’s only a question of degree.
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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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So there is no reason to suspect that the actual process of boosting rates would be any different.
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We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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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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People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward.
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The process of innovation is, of course, never ending.
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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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These days, even out of office, I still read economic reports.
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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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The guiding purpose of the government regulator is to prevent rather than to create something.
ALAN GREENSPAN






