The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
ALAN GREENSPANWhile these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
More Alan Greenspan Quotes
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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.
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We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
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The worst have failed; investors no longer fund them and are not likely to in the future.
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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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What an ideology is is a conceptual framework with the way people deal with reality.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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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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History cannot be reduced to a set of statistics and probabilities.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
ALAN GREENSPAN -
…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
ALAN GREENSPAN