The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
ALAN GREENSPAN[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
More Alan Greenspan Quotes
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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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If I seem unduly clear to you, you must have misunderstood what I said.
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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
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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 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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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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The need for values is inbred. Their content is not.
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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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If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
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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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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
ALAN GREENSPAN