Credit-default swaps, I think, have serious problems associated with them.
ALAN GREENSPANCredit-default swaps, I think, have serious problems associated with them.
ALAN GREENSPANMarket financed withdrawals of home equity in recent years.
ALAN GREENSPANThey then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
ALAN GREENSPANBefore I met Ayn Rand, I was a logical positivist, and accordingly,
ALAN GREENSPANDeficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
ALAN GREENSPANEven 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.
ALAN GREENSPANIf I seem unduly clear to you, you must have misunderstood what I said.
ALAN GREENSPANStripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
ALAN GREENSPANIt keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
ALAN GREENSPANRegulation – which is based on force and fear – undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.
ALAN GREENSPANI don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
ALAN GREENSPANIn the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
ALAN GREENSPANI was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
ALAN GREENSPANAnd whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
ALAN GREENSPANSenator, if I seem clear to you, you must have misunderstood me’.
ALAN GREENSPANThe need for values is inbred. Their content is not.
ALAN GREENSPAN