…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
ALAN GREENSPAN…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
ALAN GREENSPANDerivatives have permitted the unbundling of financial risks.
ALAN GREENSPANWe can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
ALAN GREENSPANSenator, if I seem clear to you, you must have misunderstood me’.
ALAN GREENSPANSince I’ve become a central banker, I’ve learned to mumble with great incoherence.
ALAN GREENSPANEnhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
ALAN GREENSPANHow do we know when irrational exuberance has unduly escalated asset values?
ALAN GREENSPANImprovements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
ALAN GREENSPANSo there is no reason to suspect that the actual process of boosting rates would be any different.
ALAN GREENSPANI don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
ALAN GREENSPANThey seem to sense… that gold and economic freedom are inseparable.
ALAN GREENSPANGold stands in the way of this insidious process. It stands as a protector of property rights.
ALAN GREENSPANThese days, even out of office, I still read economic reports.
ALAN GREENSPANIf I say something which you understand fully in this regard, I probably made a mistake.
ALAN GREENSPANBefore I met Ayn Rand, I was a logical positivist, and accordingly,
ALAN GREENSPANBut 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?
ALAN GREENSPAN