Alan Greenspan Quotes, Issues Quotes, Calling Quotes

Without calling the overall national issue a bubble, it's pretty clear that it's an unsustainable underlying pattern.

5 years ago

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Tags : Alan Greenspan Quotes , Issues Quotes , Calling 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.

5 years ago

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Tags : Alan Greenspan Quotes , Mistake Quotes , Self 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.

5 years ago

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Tags : Alan Greenspan Quotes , Dark Quotes , Giving Quotes

Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. 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?

5 years ago

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Tags : Alan Greenspan Quotes , Past Quotes , Japan 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.

5 years ago

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

5 years ago

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Tags : Alan Greenspan Quotes , Gold Quotes , Derivatives Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Numbers Quotes , Generations Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Political Quotes , Growth Quotes

The free lunch has still to be invented.

5 years ago

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Tags : Alan Greenspan Quotes , Lunch Quotes , Stills 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.

5 years ago

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Tags : Alan Greenspan Quotes , Believe Quotes , Thinking Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Long Quotes , Choices Quotes

I have one other issue I'd like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here. If we are dealing with psychology, then the thermometers one uses to measure it have an effect. I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market. There's an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.

5 years ago

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Tags : Alan Greenspan Quotes , Issues Quotes , Interesting Quotes

What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn't be taking it to those who are willing to and are capable of doing so.

5 years ago

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Tags : Alan Greenspan Quotes , Business Quotes , Years Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Ignorance 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

5 years ago

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Tags : Alan Greenspan Quotes , Success Quotes , Business 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.

5 years ago

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Tags : Alan Greenspan Quotes , Keys Quotes , Risk Quotes

American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.

5 years ago

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Tags : Alan Greenspan Quotes , Alternatives Quotes , Benefits Quotes

[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.

5 years ago

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Tags : Alan Greenspan Quotes , Principles Quotes , Republican Quotes

Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.

5 years ago

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Tags : Alan Greenspan Quotes , Stress Quotes , Use Quotes

Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of that stuff.

5 years ago

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Tags : Alan Greenspan Quotes , Successful Quotes , Stuff Quotes