Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
ALAN GREENSPANWe are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures.
More Alan Greenspan Quotes
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If I’ve made myself clear, I’ve misspoken.
ALAN GREENSPAN -
And the percentage changes in wage rates would be the same for all job grades.
ALAN GREENSPAN -
It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
ALAN GREENSPAN -
If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
ALAN GREENSPAN -
History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
ALAN GREENSPAN -
If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
ALAN GREENSPAN -
Whatever you tax you get less of.
ALAN GREENSPAN -
Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
ALAN GREENSPAN -
I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
ALAN GREENSPAN -
The need for values is inbred. Their content is not.
ALAN GREENSPAN -
So there is no reason to suspect that the actual process of boosting rates would be any different.
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
ALAN GREENSPAN -
The free lunch has still to be invented.
ALAN GREENSPAN -
Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
ALAN GREENSPAN






