The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
ALAN GREENSPANGreenspan, who knew so much more than most, knew far less than most supposed.
More Alan Greenspan Quotes
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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Gold still represents the ultimate form of payment in the world.
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These days, even out of office, I still read economic reports.
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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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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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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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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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Then fear hits, and it comes down very sharply. When I started to look at that.
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Amateurs want to be right. Professionals want to make money.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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Deficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
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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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I’m a better economist than I was a sax player.
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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
ALAN GREENSPAN