The guiding purpose of the government regulator is to prevent rather than to create something.
ALAN GREENSPANA decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage.
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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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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Amateurs want to be right. Professionals want to make money.
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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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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’ve been in and out of Wall Street since 1949, and I’ve never seen the type of animosity between government and Wall Street. And I’m not sure where it comes from, but I suspect it’s got to do with a general schism in this society which is really becoming ever more destructive.
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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.
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If I say something which you understand fully in this regard, I probably made a mistake.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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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.
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The process of innovation is, of course, never ending.
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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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They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
ALAN GREENSPAN