There is no evidence that the business cycle has been repealed.
ALAN GREENSPANThe number one problem in today’s generation and economy is the lack of financial literacy.
More Alan Greenspan Quotes
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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Productivity is notoriously difficult to predict.
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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset.
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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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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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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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Excessive optimism sows the seeds of its own reversal.
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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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What an ideology is is a conceptual framework with the way people deal with reality.
ALAN GREENSPAN






