Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
ALAN GREENSPANDeficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
More Alan Greenspan Quotes
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If I’ve made myself clear, I’ve misspoken.
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The Iraq War is largely about oil.
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Productivity is notoriously difficult to predict.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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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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If you think you understand what I am saying you do not understand what I am saying.
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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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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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At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable.
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I’m a better economist than I was a sax player.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
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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.
ALAN GREENSPAN