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 GREENSPANThe guiding purpose of the government regulator is to prevent rather than to create something.
More Alan Greenspan Quotes
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And she always has so much fun doing it. We make a good team.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
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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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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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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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Greenspan, who knew so much more than most, knew far less than most supposed.
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I have long argued that paying down the national debt is beneficial for the economy.
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Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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Productivity is notoriously difficult to predict.
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The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.
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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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The need for values is inbred. Their content is not.
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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.
ALAN GREENSPAN






