The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.
ALAN GREENSPANThe use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
More Alan Greenspan Quotes
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
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I have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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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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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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And she always has so much fun doing it. We make a good team.
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Productivity is notoriously difficult to predict.
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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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I have long argued that paying down the national debt is beneficial for the economy.
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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
ALAN GREENSPAN