I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
ALAN GREENSPANHistory has not dealt kindly with the aftermath of protracted periods of low risk premiums.
More Alan Greenspan Quotes
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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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They seem to sense… that gold and economic freedom are inseparable.
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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable.
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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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We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
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It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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What an ideology is is a conceptual framework with the way people deal with reality.
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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…
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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
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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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Productivity is notoriously difficult to predict.
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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
ALAN GREENSPAN