We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
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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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
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Credit-default swaps, I think, have serious problems associated with them.
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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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These days, even out of office, I still read economic reports.
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The worst have failed; investors no longer fund them and are not likely to in the future.
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All taxes are a drag on economic growth. It’s only a question of degree.
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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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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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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
ALAN GREENSPAN