I don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
ALAN GREENSPANRevolutions are something you see only in retrospect.
More Alan Greenspan Quotes
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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
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Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
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Revolutions are something you see only in retrospect.
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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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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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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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Rules cannot take the place of character.
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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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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
ALAN GREENSPAN