If I seem unduly clear to you, you must have misunderstood what I said.
ALAN GREENSPANThe companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
More Alan Greenspan Quotes
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It’s a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.
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But rules cannot substitute for character.
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The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.
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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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The need for values is inbred. Their content is not.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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And she always has so much fun doing it. We make a good team.
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The process of innovation is, of course, never ending.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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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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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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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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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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The tub helps me relax, and it’s a great place to read.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
ALAN GREENSPAN