Alan Greenspan Quotes, Money Quotes, Law Quotes

As long as we issue fiat currency, I see no alternative to a legal tender law.

5 years ago

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Tags : Alan Greenspan Quotes , Money Quotes , Law Quotes

I don't think it's possible for the Fed to end its easy-money policies in a trouble-free manner. Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets, so there is no reason to suspect that the actual process of boosting rates would be any different. I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.

5 years ago

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Tags : Alan Greenspan Quotes , Real Quotes , Thinking 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

Indeed, better risk management may be the only truly necessary element of success in banking.

5 years ago

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Tags : Alan Greenspan Quotes , Risk Quotes , Banking Quotes

The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.

5 years ago

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Tags : Alan Greenspan Quotes , Successful Quotes , Coins 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

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

5 years ago

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Tags : Alan Greenspan Quotes , Real Quotes , Needs Quotes

I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.

5 years ago

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Tags : Alan Greenspan Quotes , Mean Quotes , Cutting Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Office Quotes , Economic Quotes

We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.

5 years ago

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Tags : Alan Greenspan Quotes , Guarantees Quotes , Investing Quotes

I'm a better economist than I was a sax player.

5 years ago

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Tags : Alan Greenspan Quotes , Player Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Thinking Quotes , Numbers 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.

5 years ago

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Tags : Alan Greenspan Quotes , Home Quotes , Years Quotes

Rules cannot take the place of character.

5 years ago

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Tags : Alan Greenspan Quotes

It's hard to overemphasize how important Ford's deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first. Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.

5 years ago

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Tags : Alan Greenspan Quotes , Years Quotes , Creative Quotes

I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.

5 years ago

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Tags : Alan Greenspan Quotes , Misunderstood Quotes , Investing Quotes

I'm a plain soap kind of guy.

5 years ago

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Tags : Alan Greenspan Quotes , Guy Quotes , Soap Quotes

I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.

5 years ago

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Tags : Alan Greenspan Quotes , Baseball Quotes , Golf 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...

5 years ago

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Tags : Alan Greenspan Quotes , Ignorance Quotes , Reality Quotes

The free lunch has still to be invented.

5 years ago

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Tags : Alan Greenspan Quotes , Lunch Quotes , Stills Quotes