By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
ALAN GREENSPANMarket financed withdrawals of home equity in recent years.
More Alan Greenspan Quotes
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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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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The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
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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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The very nature of finance is that it cannot be profitable unless it is significantly leveraged… and as long as there is debt, there can be failure and contagion.
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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
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If I seem unduly clear to you, you must have misunderstood what I said.
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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
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The number one problem in today’s generation and economy is the lack of financial literacy.
ALAN GREENSPAN






