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Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset.

Related Topics

Develop Fiscal Path Place Policy Protection Regard Reluctance Sustainable Trade

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It’s a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.
ALAN GREENSPAN

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Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.
ALAN GREENSPAN

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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

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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
ALAN GREENSPAN

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It signals problems with respect to currency markets. Central banks should pay attention to it.
ALAN GREENSPAN

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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.
ALAN GREENSPAN

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Amateurs want to be right. Professionals want to make money.
ALAN GREENSPAN

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But 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?
ALAN GREENSPAN

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If I say something which you understand fully in this regard, I probably made a mistake.
ALAN GREENSPAN

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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
ALAN GREENSPAN

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Credit-default swaps, I think, have serious problems associated with them.
ALAN GREENSPAN

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The tub helps me relax, and it’s a great place to read.
ALAN GREENSPAN

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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
ALAN GREENSPAN

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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
ALAN GREENSPAN

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Gold stands in the way of this insidious process. It stands as a protector of property rights.
ALAN GREENSPAN

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People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward.
ALAN GREENSPAN

Cannot Cause Far Forecast Future Go People Realize Probability

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