I don’t know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we’ve been talking about today or anything anybody else was talking about.
ALAN GREENSPANRegulators have not been able to achieve the level of future clarity required to act pre-emptively.
More Alan Greenspan Quotes
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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I have long argued that paying down the national debt is beneficial for the economy.
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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
ALAN GREENSPAN -
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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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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The free lunch has still to be invented.
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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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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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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’m a better economist than I was a sax player.
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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
ALAN GREENSPAN