The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
ALAN GREENSPANNo one has ever eliminated any of that stuff.
More Alan Greenspan Quotes
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Revolutions are something you see only in retrospect.
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They seem to sense… that gold and economic freedom are inseparable.
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I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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I have long argued that paying down the national debt is beneficial for the economy.
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We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
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Excessive optimism sows the seeds of its own reversal.
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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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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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Credit-default swaps, I think, have serious problems associated with them.
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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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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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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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Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.
ALAN GREENSPAN