Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
ALAN GREENSPANWhen trust is lost, a nation’s ability to transact business is palpably undermined.
More Alan Greenspan Quotes
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What an ideology is is a conceptual framework with the way people deal with reality.
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The process of innovation is, of course, never ending.
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The need for values is inbred. Their content is not.
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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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If I say something which you understand fully in this regard, I probably made a mistake.
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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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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.
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Amateurs want to be right. Professionals want to make money.
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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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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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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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Any informed borrower is simply less vulnerable to fraud and abuse.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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Anything that we can do to raise personal savings is very much in the interest of this country.
ALAN GREENSPAN