[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
ALAN GREENSPANThe 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.
More Alan Greenspan Quotes
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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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The tub helps me relax, and it’s a great place to read.
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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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I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
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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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I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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History cannot be reduced to a set of statistics and probabilities.
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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 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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I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically — I should say, fully — hedged.
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We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
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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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Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
ALAN GREENSPAN






