No one has ever eliminated any of that stuff.
ALAN GREENSPANEveryone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
More Alan Greenspan Quotes
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Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
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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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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
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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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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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The free lunch has still to be invented.
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It keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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I’m a better economist than I was a sax player.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
ALAN GREENSPAN