Derivatives have permitted the unbundling of financial risks.
ALAN GREENSPANDeveloping 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.
More Alan Greenspan Quotes
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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So there is no reason to suspect that the actual process of boosting rates would be any different.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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The free lunch has still to be invented.
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Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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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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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
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
ALAN GREENSPAN