The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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.
More Alan Greenspan Quotes
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What an ideology is is a conceptual framework with the way people deal with reality.
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Gold still represents the ultimate form of payment in the world.
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Anything that we can do to raise personal savings is very much in the interest of this country.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
ALAN GREENSPAN -
Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
ALAN GREENSPAN -
I 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 GREENSPAN -
…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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The process of innovation is, of course, never ending.
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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
ALAN GREENSPAN