Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets. ALAN GREENSPAN EpisodeHigherInterestMarketOfficialRateRecentTowardUnleashVolatility
Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s. ALAN GREENSPAN CreativeDestructiveEnormousStage ListYet
This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums. ALAN GREENSPAN AftermathHistoryPeriodPremiumProtractReasonRisk
We will have more crises and none of them will look like this because no two crises have anything in common except human nature. ALAN GREENSPAN AnythingCommonCriseHumanLikeLookNature
The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks. ALAN GREENSPAN EconomyExtraordinaryFlexibleFosterIncreaseShock
Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this. ALAN GREENSPAN AmountAvailableCashNecessaryProblemShouldSolveStress
All taxes are a drag on economic growth. It’s only a question of degree. ALAN GREENSPAN DegreeDragEconomicGrowthOnlyQuestionTax
