Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
ALAN GREENSPANI have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
More Alan Greenspan Quotes
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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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Significantly opening up immigration to skilled workers solves two problems.
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No one has ever eliminated any of that stuff.
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I’m only half joking
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The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
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Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
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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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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
ALAN GREENSPAN






