There is no evidence that the business cycle has been repealed.
ALAN GREENSPANThere is no evidence that the business cycle has been repealed.
ALAN GREENSPANThe arts develop skills and habits of mind that are important for workers in the new economy of ideas.
ALAN GREENSPANThe current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
ALAN GREENSPANThe problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
ALAN GREENSPANIf I’ve made myself clear, I’ve misspoken.
ALAN GREENSPANGreenspan, who knew so much more than most, knew far less than most supposed.
ALAN GREENSPANI didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
ALAN GREENSPANWhen trust is lost, a nation’s ability to transact business is palpably undermined.
ALAN GREENSPANI’m a plain soap kind of guy.
ALAN GREENSPANThe Iraq War is largely about oil.
ALAN GREENSPANThe guiding purpose of the government regulator is to prevent rather than to create something.
ALAN GREENSPANThey then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
ALAN GREENSPANNeed to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
ALAN GREENSPANNo one has ever eliminated any of that stuff.
ALAN GREENSPANI believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically — I should say, fully — hedged.
ALAN GREENSPANAs long as we issue fiat currency, I see no alternative to a legal tender law.
ALAN GREENSPAN