Amateurs want to be right. Professionals want to make money.
ALAN GREENSPANGreenspan, who knew so much more than most, knew far less than most supposed.
More Alan Greenspan Quotes
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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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I’m a better economist than I was a sax player.
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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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I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
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No one has ever eliminated any of that stuff.
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Rules cannot take the place of character.
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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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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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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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If we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.
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I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
ALAN GREENSPAN