We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
ALAN GREENSPANHistory has not dealt kindly with the aftermath of protracted periods of low risk premiums.
More Alan Greenspan Quotes
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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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The Iraq War is largely about oil.
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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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Gold still represents the ultimate form of payment in the world.
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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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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The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.
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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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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.
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Rules cannot take the place of character.
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
ALAN GREENSPAN -
Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
ALAN GREENSPAN -
Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.
ALAN GREENSPAN