You can’t have the capitalist system if an increasing number of people think it is unjust.
ALAN GREENSPANThe 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…
More Alan Greenspan Quotes
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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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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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There is no evidence that the business cycle has been repealed.
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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The need for values is inbred. Their content is not.
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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically — I should say, fully — hedged.
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The free lunch has still to be invented.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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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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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
ALAN GREENSPAN