Alan Greenspan Quotes, Retrospect Quotes

Revolutions are something you see only in retrospect.

6 years ago

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Tags : Alan Greenspan Quotes , Retrospect 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

6 years ago

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Tags : Alan Greenspan Quotes , Lying Quotes , Moving Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Past Quotes , Expansion Quotes

You can't have the capitalist system if an increasing number of people think it is unjust.

6 years ago

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Tags : Alan Greenspan Quotes , Thinking Quotes , Numbers 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

Gold, unlike all other commodities, is a currency...and the major thrust in the demand for gold is not for jewelry. It's not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.

6 years ago

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Tags : Alan Greenspan Quotes , Gold Quotes , Paper Quotes

No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.

6 years ago

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Tags : Alan Greenspan Quotes , Long Quotes , Risk Quotes

Whatever you tax you get less of.

6 years ago

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Tags : Alan Greenspan Quotes , Economics Quotes , Economy Quotes

I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I'm running into the tyranny of zero, which is where you can't reduce (the debt) any more

6 years ago

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Tags : Alan Greenspan Quotes , Running Quotes , Zero Quotes

But rules cannot substitute for character.

6 years ago

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Tags : Alan Greenspan Quotes , Character Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Ignorance Quotes

I'm always amazed that my wife can handle different subjects - one day politics, the next day foreign policy. And she always has so much fun doing it. We make a good team.

6 years ago

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Tags : Alan Greenspan Quotes , Fun Quotes , Team Quotes

If I say something which you understand fully in this regard, I probably made a mistake.

6 years ago

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Tags : Alan Greenspan Quotes , Mistake Quotes , Made Quotes

And whatever their publicized angst over Saddam Hussein's 'weapons of mass destruction,' American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy. I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.

6 years ago

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Tags : Alan Greenspan Quotes , War Quotes , Mass Destruction Quotes

We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.

6 years ago

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Tags : Alan Greenspan Quotes , Real Quotes , Needs Quotes

History demonstrates that participants in financial markets are susceptible to waves of optimism. Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.

6 years ago

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Tags : Alan Greenspan Quotes , Optimism Quotes , Imbalance Quotes

Regulators have not been able to achieve the level of future clarity required to act pre-emptively. The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so...

6 years ago

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Tags : Alan Greenspan Quotes , Ignorance Quotes , Reality Quotes

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: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.

6 years ago

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Tags : Alan Greenspan Quotes , Resilience Quotes , Fiscal Policy 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.

6 years ago

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Tags : Alan Greenspan Quotes , Two Quotes , Looks Quotes

I've been in and out of Wall Street since 1949, and I've never seen the type of animosity between government and Wall Street. And I'm not sure where it comes from, but I suspect it's got to do with a general schism in this society which is really becoming ever more destructive.

6 years ago

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Tags : Alan Greenspan Quotes , Wall Quotes , Government Quotes