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.
ALAN GREENSPANRules cannot take the place of character.
More Alan Greenspan Quotes
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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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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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Significantly opening up immigration to skilled workers solves two problems.
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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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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
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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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History cannot be reduced to a set of statistics and probabilities.
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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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So there is no reason to suspect that the actual process of boosting rates would be any different.
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Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices.
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It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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If I say something which you understand fully in this regard, I probably made a mistake.
ALAN GREENSPAN