Revolutions are something you see only in retrospect.
ALAN GREENSPANIf we are dealing with psychology, then the thermometers one uses to measure it have an effect.
More Alan Greenspan Quotes
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The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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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 love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
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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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All taxes are a drag on economic growth. It’s only a question of degree.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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Derivatives have permitted the unbundling of financial risks.
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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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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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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.
ALAN GREENSPAN