If I’ve made myself clear, I’ve misspoken.
ALAN GREENSPANI am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
More Alan Greenspan Quotes
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These days, even out of office, I still read economic reports.
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I have long argued that paying down the national debt is beneficial for the economy.
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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage.
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Excessive optimism sows the seeds of its own reversal.
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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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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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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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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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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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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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I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
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The 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…
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If I say something which you understand fully in this regard, I probably made a mistake.
ALAN GREENSPAN