Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
ALAN GREENSPANThe gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
More Alan Greenspan Quotes
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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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The number one problem in today’s generation and economy is the lack of financial literacy.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
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Significantly opening up immigration to skilled workers solves two problems.
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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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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
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Productivity is notoriously difficult to predict.
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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.
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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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The process of innovation is, of course, never ending.
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If prices go down, we will have problems – problems in the sense of spillover to other areas.
ALAN GREENSPAN