American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
ALAN GREENSPANWithout calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
More Alan Greenspan Quotes
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The free lunch has still to be invented.
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Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
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Senator, if I seem clear to you, you must have misunderstood me’.
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Whatever you tax you get less of.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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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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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more
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They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
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I don’t know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we’ve been talking about today or anything anybody else was talking about.
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I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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What an ideology is is a conceptual framework with the way people deal with reality.
ALAN GREENSPAN