Credit-default swaps, I think, have serious problems associated with them.
ALAN GREENSPANNo one has ever eliminated any of that stuff.
More Alan Greenspan Quotes
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Credit-default swaps, I think, have serious problems associated with them.
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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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How do we know when irrational exuberance has unduly escalated asset values?
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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 GREENSPANAmerican 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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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.
ALAN GREENSPANPeople 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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Gold stands in the way of this insidious process. It stands as a protector of property rights.
ALAN GREENSPANGold stands in the way of this insidious process. It stands as a protector of property rights.
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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.
ALAN GREENSPANIn 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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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
ALAN GREENSPANHistory has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
ALAN GREENSPANYou can’t have the capitalist system if an increasing number of people think it is unjust.
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If I’ve made myself clear, I’ve misspoken.
ALAN GREENSPANIf I’ve made myself clear, I’ve misspoken.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
ALAN GREENSPANIn general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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And the percentage changes in wage rates would be the same for all job grades.
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I don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
ALAN GREENSPANI don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
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It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.
ALAN GREENSPANIt is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.
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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.
ALAN GREENSPAN


