History demonstrates that participants in financial markets are susceptible to waves of optimism.
ALAN GREENSPANRecent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
More Alan Greenspan Quotes
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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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I have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I’m only half joking
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Whatever you tax you get less of.
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There are no easy choices. Easy choices are long gone.
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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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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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I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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And the percentage changes in wage rates would be the same for all job grades.
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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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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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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.
ALAN GREENSPAN