Alan Greenspan Quotes, Lost Quotes, Ability Quotes

When trust is lost, a nation's ability to transact business is palpably undermined.

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Tags : Alan Greenspan Quotes , Lost Quotes , Ability Quotes

The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.

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Tags : Alan Greenspan Quotes , Zero Quotes , United States Quotes

Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.

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Tags : Alan Greenspan Quotes , Cutting Quotes , Thinking Quotes

A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years.

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Tags : Alan Greenspan Quotes , Home Quotes , Years Quotes

Before I met Ayn Rand, I was a logical positivist, and accordingly, I didn't believe in absolutes, moral or otherwise. If I couldn't prove a proposition with facts and figures, it was without merit.

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Tags : Alan Greenspan Quotes , Believe Quotes , Facts 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

But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?

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Tags : Alan Greenspan Quotes , Past Quotes , Japan Quotes

I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.

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Tags : Alan Greenspan Quotes , Success Quotes , New York Quotes

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

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Tags : Alan Greenspan Quotes , Real Quotes , Needs Quotes

The guiding purpose of the government regulator is to prevent rather than to create something.

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Tags : Alan Greenspan Quotes , Government Quotes , Purpose Quotes

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

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Tags : Alan Greenspan Quotes , Long Quotes , Risk Quotes

Excessive optimism sows the seeds of its own reversal.

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Tags : Alan Greenspan Quotes , Optimism Quotes , Reversal Quotes

History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

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Tags : Alan Greenspan Quotes , Risk Quotes , Aftermath 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

There are no easy choices. Easy choices are long gone.

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Tags : Alan Greenspan Quotes , Long Quotes , Choices 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.

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Tags : Alan Greenspan Quotes , Believe Quotes , Risk Quotes

While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.

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Tags : Alan Greenspan Quotes , Diversity Quotes , Imbalance Quotes

Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices, ... This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.

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Tags : Alan Greenspan Quotes , Risk Quotes , Aftermath Quotes

The number one problem in today's generation and economy is the lack of financial literacy.

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Tags : Alan Greenspan Quotes , Numbers Quotes , Generations Quotes

These days, even out of office, I still read economic reports.

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Tags : Alan Greenspan Quotes , Office Quotes , Economic Quotes