It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
ALAN GREENSPANI have long argued that paying down the national debt is beneficial for the economy.
More Alan Greenspan Quotes
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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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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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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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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.
ALAN GREENSPAN -
Fiat money in extremis is accepted by nobody. Gold is always accepted.
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No one has ever eliminated any of that stuff.
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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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It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.
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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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How do we know when irrational exuberance has unduly escalated asset values?
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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And she always has so much fun doing it. We make a good team.
ALAN GREENSPAN