The process of innovation is, of course, never ending.
ALAN GREENSPANThe tub helps me relax, and it’s a great place to read.
More Alan Greenspan Quotes
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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…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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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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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.
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If I say something which you understand fully in this regard, I probably made a mistake.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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The free lunch has still to be invented.
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I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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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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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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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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Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset.
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I’m a better economist than I was a sax player.
ALAN GREENSPAN