I have long argued that paying down the national debt is beneficial for the economy.
ALAN GREENSPANThere’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
More Alan Greenspan Quotes
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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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There is no evidence that the business cycle has been repealed.
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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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It’s a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.
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I’m a better economist than I was a sax player.
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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The Iraq War is largely about oil.
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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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But 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?
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Senator, if I seem clear to you, you must have misunderstood me’.
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I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.
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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
ALAN GREENSPAN