Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
ALAN GREENSPANWhen trust is lost, a nation’s ability to transact business is palpably undermined.
More Alan Greenspan Quotes
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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
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Derivatives have permitted the unbundling of financial risks.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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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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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
ALAN GREENSPAN