If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
ALAN GREENSPANNor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.
More Alan Greenspan Quotes
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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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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.
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There is no evidence that the business cycle has been repealed.
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The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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I’m a better economist than I was a sax player.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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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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They seem to sense… that gold and economic freedom are inseparable.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
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I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
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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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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
ALAN GREENSPAN






