I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
ALAN GREENSPANIn an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
More Alan Greenspan Quotes
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If I’ve made myself clear, I’ve misspoken.
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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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As long as we issue fiat currency, I see no alternative to a legal tender law.
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I’ve been in and out of Wall Street since 1949, and I’ve never seen the type of animosity between government and Wall Street. And I’m not sure where it comes from, but I suspect it’s got to do with a general schism in this society which is really becoming ever more destructive.
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I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
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If I say something which you understand fully in this regard, I probably made a mistake.
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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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We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
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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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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I’m only half joking
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We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
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Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
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Credit-default swaps, I think, have serious problems associated with them.
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Greenspan, who knew so much more than most, knew far less than most supposed.
ALAN GREENSPAN