Alan Greenspan Quotes, Thinking Quotes, Credit Quotes

Credit-default swaps, I think, have serious problems associated with them.

6 years ago

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Tags : Alan Greenspan Quotes , Thinking Quotes , Credit Quotes

If we are to remain preeminent in transforming knowledge into economic value, America's system of higher education must remain the world's leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.

6 years ago

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Tags : Alan Greenspan Quotes , Teaching Quotes , Economic Value Quotes

I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.

6 years ago

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Tags : Alan Greenspan Quotes , Easy Quotes , Legislation Quotes

I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.

6 years ago

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Tags : Alan Greenspan Quotes , Mean Quotes , Cutting Quotes

Institutions of the newer participants in global finance had not been tested, until recently...recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.

6 years ago

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Tags : Alan Greenspan Quotes , Running Quotes , Financial Quotes

The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.

6 years ago

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Tags : Alan Greenspan Quotes , Years Quotes , Important Quotes

The arts develop skills and habits of mind that are important for workers in the new economy of ideas.

6 years ago

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Tags : Alan Greenspan Quotes , Art Quotes , Skills Quotes

Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank... need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path. They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.

6 years ago

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Tags : Alan Greenspan Quotes , Keys Quotes , Incomplete Knowledge Quotes

Well, you probably will always believe there should be laws against fraud, and I don't think there is any need for a law against fraud.

6 years ago

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Tags : Alan Greenspan Quotes , Believe Quotes , Thinking Quotes

If I've made myself clear, I've misspoken.

6 years ago

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Tags : Alan Greenspan Quotes , Made Quotes , Clear Quotes

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.

6 years ago

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Tags : Alan Greenspan Quotes , Imagination Quotes , Able Quotes

Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds. Then fear hits, and it comes down very sharply. When I started to look at that, I was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.

6 years ago

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Tags : Alan Greenspan Quotes , Fall Quotes , Looks Quotes

If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.

6 years ago

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Tags : Alan Greenspan Quotes , Moving Quotes , Together Quotes

There is no evidence that the business cycle has been repealed.

6 years ago

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Tags : Alan Greenspan Quotes , Evidence Quotes , Has Beens Quotes

Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.

6 years ago

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Tags : Alan Greenspan Quotes , Technology Quotes , Practice Quotes

Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.

6 years ago

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Tags : Alan Greenspan Quotes , Gold Quotes , Dollars Quotes

The need for values is inbred. Their content is not.

6 years ago

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Tags : Alan Greenspan Quotes , Needs Quotes , Inbreds Quotes

The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions... Derivatives have permitted the unbundling of financial risks.

6 years ago

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Tags : Alan Greenspan Quotes , Keys Quotes , Risk Quotes

Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I'm only half joking

6 years ago

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Tags : Alan Greenspan Quotes , Office Quotes , President Quotes

Since I've become a central banker, I've learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.

6 years ago

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Tags : Alan Greenspan Quotes , Misunderstood Quotes , Bankers Quotes