I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
ALAN GREENSPANIf I say something which you understand fully in this regard, I probably made a mistake.
More Alan Greenspan Quotes
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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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It signals problems with respect to currency markets. Central banks should pay attention to it.
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Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
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These days, even out of office, I still read economic reports.
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Productivity is notoriously difficult to predict.
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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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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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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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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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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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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn’t be taking it to those who are willing to and are capable of doing so.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
ALAN GREENSPAN