[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
ALAN GREENSPANUnfortunately, Senator, nobody knows where the next innovative idea is coming from.
More Alan Greenspan Quotes
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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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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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Anything that we can do to raise personal savings is very much in the interest of this country.
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What an ideology is is a conceptual framework with the way people deal with reality.
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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
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Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
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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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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
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I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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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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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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The Iraq War is largely about oil.
ALAN GREENSPAN