We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
ALAN GREENSPANWhatever you tax you get less of.
More Alan Greenspan Quotes
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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
ALAN GREENSPAN -
Senator, if I seem clear to you, you must have misunderstood me’.
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History cannot be reduced to a set of statistics and probabilities.
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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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Productivity is notoriously difficult to predict.
ALAN GREENSPAN -
I’m a better economist than I was a sax player.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
ALAN GREENSPAN -
And the percentage changes in wage rates would be the same for all job grades.
ALAN GREENSPAN -
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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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
ALAN GREENSPAN -
History demonstrates that participants in financial markets are susceptible to waves of optimism.
ALAN GREENSPAN -
What an ideology is is a conceptual framework with the way people deal with reality.
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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
ALAN GREENSPAN -
This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets.
ALAN GREENSPAN






