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
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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This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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Excessive optimism sows the seeds of its own reversal.
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Rules cannot take the place of character.
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But rules cannot substitute for character.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
ALAN GREENSPAN -
I’ve been in and out of Wall Street since 1949, and I’ve never seen the type of animosity between government and Wall Street. And I’m not sure where it comes from, but I suspect it’s got to do with a general schism in this society which is really becoming ever more destructive.
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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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Market financed withdrawals of home equity in recent years.
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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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Credit-default swaps, I think, have serious problems associated with them.
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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
ALAN GREENSPAN