They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
ALAN GREENSPANI guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
More Alan Greenspan Quotes
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A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage.
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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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Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
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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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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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The Iraq War is largely about oil.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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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.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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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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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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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.
ALAN GREENSPAN