Any informed borrower is simply less vulnerable to fraud and abuse.
ALAN GREENSPAN
I 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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Any informed borrower is simply less vulnerable to fraud and abuse.
ALAN GREENSPAN -
If we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.
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The process of innovation is, of course, never ending.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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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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I’m a better economist than I was a sax player.
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Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.
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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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The 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.
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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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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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If you think you understand what I am saying you do not understand what I am saying.
ALAN GREENSPAN