This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
ALAN GREENSPANThis decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets.
More Alan Greenspan Quotes
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The Iraq War is largely about oil.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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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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The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
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I’m a better economist than I was a sax player.
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The tub helps me relax, and it’s a great place to read.
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I have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
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The need for values is inbred. Their content is not.
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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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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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Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
ALAN GREENSPAN