It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
ALAN GREENSPANI’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
More Alan Greenspan Quotes
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
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The worst have failed; investors no longer fund them and are not likely to in the future.
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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
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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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It signals problems with respect to currency markets. Central banks should pay attention to it.
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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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We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
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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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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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History demonstrates that participants in financial markets are susceptible to waves of optimism.
ALAN GREENSPAN






