I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more
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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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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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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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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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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If I say something which you understand fully in this regard, I probably made a mistake.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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How do we know when irrational exuberance has unduly escalated asset values?
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In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
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Market financed withdrawals of home equity in recent years.
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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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Whatever you tax you get less of.
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But rules cannot substitute for character.
ALAN GREENSPAN