I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
ALAN GREENSPANBy far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
More Alan Greenspan Quotes
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Anything that we can do to raise personal savings is very much in the interest of this country.
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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
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If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
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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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Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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If I seem unduly clear to you, you must have misunderstood what I said.
ALAN GREENSPAN -
An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
ALAN GREENSPAN