There are no easy choices. Easy choices are long gone.
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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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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Whatever you tax you get less of.
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It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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I have long argued that paying down the national debt is beneficial for the economy.
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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
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The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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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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So there is no reason to suspect that the actual process of boosting rates would be any different.
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Credit-default swaps, I think, have serious problems associated with them.
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History cannot be reduced to a set of statistics and probabilities.
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The tub helps me relax, and it’s a great place to read.
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Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
ALAN GREENSPAN