I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
ALAN GREENSPANHistory demonstrates that participants in financial markets are susceptible to waves of optimism.
More Alan Greenspan Quotes
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The Iraq War is largely about oil.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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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.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.
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They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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What an ideology is is a conceptual framework with the way people deal with reality.
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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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The worst have failed; investors no longer fund them and are not likely to in the future.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
ALAN GREENSPAN