The tub helps me relax, and it’s a great place to read.
ALAN GREENSPANImprovements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
More Alan Greenspan Quotes
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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But rules cannot substitute for character.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
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So there is no reason to suspect that the actual process of boosting rates would be any different.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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The free lunch has still to be invented.
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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No one has ever eliminated any of that stuff.
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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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The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
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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.
ALAN GREENSPAN