There is no evidence that the business cycle has been repealed.
ALAN GREENSPANWe can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
More Alan Greenspan Quotes
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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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Rules cannot take the place of character.
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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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The free lunch has still to be invented.
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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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Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
ALAN GREENSPAN -
Market financed withdrawals of home equity in recent years.
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How do we know when irrational exuberance has unduly escalated asset values?
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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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Anything that we can do to raise personal savings is very much in the interest of this country.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.
ALAN GREENSPAN -
Political decisions are never random and will always lose out to innovative alternatives.
ALAN GREENSPAN -
Credit-default swaps, I think, have serious problems associated with them.
ALAN GREENSPAN