In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
ALAN GREENSPANCredit-default swaps, I think, have serious problems associated with them.
More Alan Greenspan Quotes
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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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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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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What an ideology is is a conceptual framework with the way people deal with reality.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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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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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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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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So there is no reason to suspect that the actual process of boosting rates would be any different.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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If I’ve made myself clear, I’ve misspoken.
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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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Before I met Ayn Rand, I was a logical positivist, and accordingly,
ALAN GREENSPAN