I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
ALAN GREENSPANBut how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
More Alan Greenspan Quotes
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Any informed borrower is simply less vulnerable to fraud and abuse.
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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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Derivatives have permitted the unbundling of financial risks.
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And she always has so much fun doing it. We make a good team.
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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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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.
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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
ALAN GREENSPAN