There is no evidence that the business cycle has been repealed.
ALAN GREENSPANIf we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
More Alan Greenspan Quotes
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Political decisions are never random and will always lose out to innovative alternatives.
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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The free lunch has still to be invented.
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If I’ve made myself clear, I’ve misspoken.
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It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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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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When trust is lost, a nation’s ability to transact business is palpably undermined.
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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
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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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Gold still represents the ultimate form of payment in the world.
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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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I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
ALAN GREENSPAN