There is no evidence that the business cycle has been repealed.
ALAN GREENSPANI believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically — I should say, fully — hedged.
More Alan Greenspan Quotes
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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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I have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
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Political decisions are never random and will always lose out to innovative alternatives.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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Anything that we can do to raise personal savings is very much in the interest of this country.
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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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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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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically — I should say, fully — hedged.
ALAN GREENSPAN -
Credit-default swaps, I think, have serious problems associated with them.
ALAN GREENSPAN -
The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
ALAN GREENSPAN