Rules cannot take the place of character.
ALAN GREENSPANThe economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
More Alan Greenspan Quotes
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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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 number of mistakes I have made are just awesome. There is no number large enough to account for that.
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It keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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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.
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Deficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
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If I say something which you understand fully in this regard, I probably made a mistake.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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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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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
ALAN GREENSPAN