The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
ALAN GREENSPANThe abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.
More Alan Greenspan Quotes
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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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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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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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The need for values is inbred. Their content is not.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
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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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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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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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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
ALAN GREENSPAN