There are no easy choices. Easy choices are long gone.
ALAN GREENSPANI love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
More Alan Greenspan Quotes
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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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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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How do we know when irrational exuberance has unduly escalated asset values?
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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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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Productivity is notoriously difficult to predict.
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Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
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We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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Excessive optimism sows the seeds of its own reversal.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
ALAN GREENSPAN