I don’t know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we’ve been talking about today or anything anybody else was talking about.
ALAN GREENSPANIt 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.
More Alan Greenspan Quotes
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Senator, if I seem clear to you, you must have misunderstood me’.
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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.
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Derivatives have permitted the unbundling of financial risks.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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If I’ve made myself clear, I’ve misspoken.
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
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People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward.
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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
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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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Excessive optimism sows the seeds of its own reversal.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
ALAN GREENSPAN