Alan Greenspan Quotes, Lunch Quotes, Stills Quotes

The free lunch has still to be invented.

6 years ago

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Tags : Alan Greenspan Quotes , Lunch Quotes , Stills 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?

6 years ago

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Tags : Alan Greenspan Quotes , Past Quotes , Japan Quotes

Credit-default swaps, I think, have serious problems associated with them.

6 years ago

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Tags : Alan Greenspan Quotes , Thinking Quotes , Credit Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Statistics 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.

6 years ago

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Tags : Alan Greenspan Quotes , Trust Quotes , Business Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Issues Quotes , Calling Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Relax Quotes , Tubs Quotes

In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.

6 years ago

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Tags : Alan Greenspan Quotes , Momentum Quotes , Financial 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

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Tags : Alan Greenspan Quotes , Imagination Quotes , Able 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.

6 years ago

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Tags : Alan Greenspan Quotes , Gold Quotes , Derivatives Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Alternatives Quotes , Benefits Quotes

We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures. Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity are in a state of shocked disbelief.

6 years ago

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Tags : Alan Greenspan Quotes , Government Quotes , Self 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.

6 years ago

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

But rules cannot substitute for character.

6 years ago

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Tags : Alan Greenspan Quotes , Character Quotes

Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank... need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path. They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.

6 years ago

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Tags : Alan Greenspan Quotes , Keys Quotes , Incomplete Knowledge 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.

6 years ago

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Tags : Alan Greenspan Quotes , Believe Quotes , Facts 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

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

6 years ago

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Tags : Alan Greenspan Quotes , Success Quotes , Business Quotes

Significantly opening up immigration to skilled workers solves two problems. The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.

6 years ago

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Tags : Alan Greenspan Quotes , Two Quotes , Opening Up 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.

6 years ago

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Tags : Alan Greenspan Quotes , Misunderstood Quotes , Bankers Quotes