The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
ALAN GREENSPANI cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.
More Alan Greenspan Quotes
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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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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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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.
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While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
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Market financed withdrawals of home equity in recent years.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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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.
ALAN GREENSPAN