The number of mistakes I have made are just awesome. There is no number large enough to account for that.
ALAN GREENSPANThe number of mistakes I have made are just awesome. There is no number large enough to account for that.
ALAN GREENSPANBut how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
ALAN GREENSPANThere is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
ALAN GREENSPANCredit-default swaps, I think, have serious problems associated with them.
ALAN GREENSPANI must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more
ALAN GREENSPANThe 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.
ALAN GREENSPANThese days, even out of office, I still read economic reports.
ALAN GREENSPANHistory has not dealt kindly with the aftermath of protracted periods of low risk premiums.
ALAN GREENSPANIf we are dealing with psychology, then the thermometers one uses to measure it have an effect.
ALAN GREENSPANWhatever you tax you get less of.
ALAN GREENSPANGold still represents the ultimate form of payment in the world.
ALAN GREENSPANI am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
ALAN GREENSPANI’m a better economist than I was a sax player.
ALAN GREENSPANIt has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
ALAN GREENSPANWhen trust is lost, a nation’s ability to transact business is palpably undermined.
ALAN GREENSPANI have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
ALAN GREENSPAN