Alan Greenspan Quotes, Two Quotes, Looks Quotes

We will have more crises and none of them will look like this because no two crises have anything in common except human nature.

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Tags : Alan Greenspan Quotes , Two Quotes , Looks Quotes

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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Tags : Alan Greenspan Quotes , Dark Quotes , Giving Quotes

It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making

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Tags : Alan Greenspan Quotes , Success Quotes , Business Quotes

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

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Whatever you tax you get less of.

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Tags : Alan Greenspan Quotes , Economics Quotes , Economy Quotes

I'm a better economist than I was a sax player.

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Tags : Alan Greenspan Quotes , Player Quotes

Senator, we are groping for understanding, the knowledge you assume I possess doesn't exist' - 'The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills' - 'Senator, if I seem clear to you, you must have misunderstood me' - 'Unfortunately, Senator, nobody knows where the next innovative idea is coming from. Political decisions are never random and will always lose out to innovative alternatives

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Tags : Alan Greenspan Quotes , Lying Quotes , Moving Quotes

Indeed, better risk management may be the only truly necessary element of success in banking.

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Tags : Alan Greenspan Quotes , Risk Quotes , Banking Quotes

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

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Tags : Alan Greenspan Quotes , Safety Quotes , Gold Quotes

By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.

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Tags : Alan Greenspan Quotes , Past Quotes , Expansion 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.

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Tags : Alan Greenspan Quotes , Misunderstood Quotes , Bankers Quotes

The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.

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Tags : Alan Greenspan Quotes , Successful Quotes , Coins Quotes

I don't think it's possible for the Fed to end its easy-money policies in a trouble-free manner. Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets, so there is no reason to suspect that the actual process of boosting rates would be any different. I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.

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Tags : Alan Greenspan Quotes , Real Quotes , Thinking Quotes

I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.

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Tags : Alan Greenspan Quotes , Mistake Quotes , Self Quotes

...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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Tags : Alan Greenspan Quotes , Trust Quotes , Business Quotes

Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.

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Tags : Alan Greenspan Quotes , Gold Quotes , Derivatives Quotes

Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism. In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals. Eliminating such restrictions would reduce at least some of the income inequality.

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Tags : Alan Greenspan Quotes , America Quotes , Labor Force Quotes

Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.

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Tags : Alan Greenspan Quotes , Regulation Quotes , Derivatives Quotes

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.

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Tags : Alan Greenspan Quotes , Average Quotes , Musician Quotes

The tub helps me relax, and it's a great place to read.

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Tags : Alan Greenspan Quotes , Relax Quotes , Tubs Quotes