Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
ALAN GREENSPANRules cannot take the place of character.
More Alan Greenspan Quotes
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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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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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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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If I’ve made myself clear, I’ve misspoken.
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Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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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.
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And she always has so much fun doing it. We make a good team.
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In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
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While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
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Regulation – which is based on force and fear – undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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Senator, if I seem clear to you, you must have misunderstood me’.
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I’m only half joking
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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
ALAN GREENSPAN