No one has ever eliminated any of that stuff.
ALAN GREENSPANIndeed, better risk management may be the only truly necessary element of success in banking.
More Alan Greenspan Quotes
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The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
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Amateurs want to be right. Professionals want to make money.
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Senator, if I seem clear to you, you must have misunderstood me’.
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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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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.
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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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How do we know when irrational exuberance has unduly escalated asset values?
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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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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
ALAN GREENSPAN