I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
ALAN GREENSPANSome succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
More Alan Greenspan Quotes
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So there is no reason to suspect that the actual process of boosting rates would be any different.
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The Iraq War is largely about oil.
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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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The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
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Senator, if I seem clear to you, you must have misunderstood me’.
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Productivity is notoriously difficult to predict.
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The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
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Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
ALAN GREENSPAN -
Gold still represents the ultimate form of payment in the world.
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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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I have long argued that paying down the national debt is beneficial for the economy.
ALAN GREENSPAN -
We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
ALAN GREENSPAN