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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.

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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
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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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All taxes are a drag on economic growth. It’s only a question of degree.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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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.
ALAN GREENSPAN

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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
ALAN GREENSPAN

Able Archive Been Clarity Emotively Future Pre Regulator Require
I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
ALAN GREENSPAN

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This 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.
ALAN GREENSPAN

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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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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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These days, even out of office, I still read economic reports.
ALAN GREENSPAN

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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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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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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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