We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
ALAN GREENSPANThe number of mistakes I have made are just awesome. There is no number large enough to account for that.
More Alan Greenspan Quotes
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The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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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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The need for values is inbred. Their content is not.
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I’m a better economist than I was a sax player.
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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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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.
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If I say something which you understand fully in this regard, I probably made a mistake.
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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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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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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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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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Market financed withdrawals of home equity in recent years.
ALAN GREENSPAN






