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.
ALAN GREENSPANUnfortunately, Senator, nobody knows where the next innovative idea is coming from.
More Alan Greenspan Quotes
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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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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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Senator, if I seem clear to you, you must have misunderstood me’.
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If you think you understand what I am saying you do not understand what I am saying.
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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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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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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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I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more
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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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The free lunch has still to be invented.
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The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
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All taxes are a drag on economic growth. It’s only a question of degree.
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How do we know when irrational exuberance has unduly escalated asset values?
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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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Excessive optimism sows the seeds of its own reversal.
ALAN GREENSPAN