The number of mistakes I have made are just awesome. There is no number large enough to account for that.
ALAN GREENSPANIf we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.
More Alan Greenspan Quotes
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We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
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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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Significantly opening up immigration to skilled workers solves two problems.
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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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I’m a better economist than I was a sax player.
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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.
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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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I don’t know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we’ve been talking about today or anything anybody else was talking about.
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The free lunch has still to be invented.
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If I say something which you understand fully in this regard, I probably made a mistake.
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The Iraq War is largely about oil.
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How do we know when irrational exuberance has unduly escalated asset values?
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If I’ve made myself clear, I’ve misspoken.
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
ALAN GREENSPAN