Alan Greenspan Quotes, Success Quotes, Money Quotes

Any informed borrower is simply less vulnerable to fraud and abuse.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Success Quotes , Money Quotes

If prices go down, we will have problems - problems in the sense of spillover to other areas.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Financial Quotes , Problem Quotes

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Freedom Quotes , Issues Quotes

In general, corruption tends to exist whenever governments have favors to extend, or something to sell.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Government Quotes , Favors Quotes

Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices. It 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.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Integrity Quotes , Self Esteem 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

Message Copied

Tags : Alan Greenspan Quotes , Fall Quotes , Looks Quotes

How do we know when irrational exuberance has unduly escalated asset values?

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Memorable Quotes , Assets Quotes

Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my view is I don't think we can play subtle policy here.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Cutting Quotes , Thinking 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

Message Copied

Tags : Alan Greenspan Quotes , Technology Quotes , Practice Quotes

I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , War Quotes , Oil Quotes

I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically -- I should say, fully -- hedged.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Believe Quotes , Risk Quotes

Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Gold Quotes , World Quotes

Greenspan, who knew so much more than most, knew far less than most supposed.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Ignorance Quotes

History cannot be reduced to a set of statistics and probabilities.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Statistics Quotes

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

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Made Quotes , Clear Quotes

Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity. Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Fall Quotes , Home Quotes

All taxes are a drag on economic growth. It's only a question of degree.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Political Quotes , Growth 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

Message Copied

Tags : Alan Greenspan Quotes , Imagination Quotes , Able 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

Message Copied

Tags : Alan Greenspan Quotes , Keys Quotes , Risk Quotes

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.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Gains Quotes , Action Quotes