I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
ALAN GREENSPANThe problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
More Alan Greenspan Quotes
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Any informed borrower is simply less vulnerable to fraud and abuse.
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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.
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There are no easy choices. Easy choices are long gone.
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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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But rules cannot substitute for character.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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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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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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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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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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All taxes are a drag on economic growth. It’s only a question of degree.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
ALAN GREENSPAN