Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
ALAN GREENSPANNo one has ever eliminated any of that stuff.
More Alan Greenspan Quotes
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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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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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
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In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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Political decisions are never random and will always lose out to innovative alternatives.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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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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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
ALAN GREENSPAN






