But rules cannot substitute for character.
ALAN GREENSPANMarket financed withdrawals of home equity in recent years.
More Alan Greenspan Quotes
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
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Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
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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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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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I have long argued that paying down the national debt is beneficial for the economy.
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Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices.
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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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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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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
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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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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
ALAN GREENSPAN






