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.
ALAN GREENSPANThere is no evidence that the business cycle has been repealed.
More Alan Greenspan Quotes
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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I have long argued that paying down the national debt is beneficial for the economy.
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The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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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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Anything that we can do to raise personal savings is very much in the interest of this country.
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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The Iraq War is largely about oil.
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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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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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Excessive optimism sows the seeds of its own reversal.
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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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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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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
ALAN GREENSPAN