I’m a plain soap kind of guy.
ALAN GREENSPANWhat an ideology is is a conceptual framework with the way people deal with reality.
More Alan Greenspan Quotes
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But rules cannot substitute for character.
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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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What an ideology is is a conceptual framework with the way people deal with reality.
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Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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Derivatives have permitted the unbundling of financial risks.
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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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Senator, if I seem clear to you, you must have misunderstood me’.
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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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The Iraq War is largely about oil.
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The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.
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Whatever you tax you get less of.
ALAN GREENSPAN