The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
ALAN GREENSPANThese days, even out of office, I still read economic reports.
More Alan Greenspan Quotes
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I have long argued that paying down the national debt is beneficial for the economy.
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The very nature of finance is that it cannot be profitable unless it is significantly leveraged… and as long as there is debt, there can be failure and contagion.
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Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
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They seem to sense… that gold and economic freedom are inseparable.
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Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
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The 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…
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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There are no easy choices. Easy choices are long gone.
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Amateurs want to be right. Professionals want to make money.
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If we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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If I seem unduly clear to you, you must have misunderstood what I said.
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I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
ALAN GREENSPAN