Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
ALAN GREENSPANThe guiding purpose of the government regulator is to prevent rather than to create something.
More Alan Greenspan Quotes
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The very nature of finance is that it cannot be profitable unless it is significantly leveraged… and as long as there is debt, there can be failure and contagion.
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I’m only half joking
ALAN GREENSPAN -
Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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The guiding purpose of the government regulator is to prevent rather than to create something.
ALAN GREENSPAN -
Indeed, better risk management may be the only truly necessary element of success in banking.
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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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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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It signals problems with respect to currency markets. Central banks should pay attention to it.
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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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While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
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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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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
ALAN GREENSPAN -
These days, even out of office, I still read economic reports.
ALAN GREENSPAN






