The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
ALAN GREENSPANI’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
More Alan Greenspan Quotes
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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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All taxes are a drag on economic growth. It’s only a question of degree.
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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The free lunch has still to be invented.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
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The need for values is inbred. Their content is not.
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I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
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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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Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
ALAN GREENSPAN