Alan Greenspan Quotes, Talking Quotes, Today Quotes

I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.

6 years ago

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Tags : Alan Greenspan Quotes , Talking Quotes , Today Quotes

People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward. The number of mistakes I have made are just awesome. There is no number large enough to account for that.

6 years ago

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Tags : Alan Greenspan Quotes , Mistake Quotes , Successful Quotes

Anything that we can do to raise personal savings is very much in the interest of this country.

6 years ago

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Tags : Alan Greenspan Quotes , Country Quotes , Philosophy Quotes

At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable, and the percentage changes in wage rates would be the same for all job grades.

6 years ago

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Tags : Alan Greenspan Quotes , Jobs Quotes , Skills 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.

6 years ago

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

We cannot rule out a situation in which a preemptive policy tightening becomes necessary, ... Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.

6 years ago

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Tags : Alan Greenspan Quotes , Past Quotes , Years 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?

6 years ago

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Tags : Alan Greenspan Quotes , Past Quotes , Japan Quotes

If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.

6 years ago

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Tags : Alan Greenspan Quotes , Political Quotes , Groups 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.

6 years ago

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Tags : Alan Greenspan Quotes , Diversity Quotes , Imbalance Quotes

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable.

6 years ago

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Tags : Alan Greenspan Quotes , Freedom Quotes , Issues Quotes

Regulation - which is based on force and fear - undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.

6 years ago

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Tags : Alan Greenspan Quotes , Regulation Quotes , Moral Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Risk Quotes , Aftermath 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.

6 years ago

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Tags : Alan Greenspan Quotes , Home Quotes , Years 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

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

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

6 years ago

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Tags : Alan Greenspan Quotes , Long Quotes , Choices 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.

6 years ago

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Tags : Alan Greenspan Quotes , Successful Quotes , Coins 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

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

6 years ago

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Tags : Alan Greenspan Quotes , Risk Quotes , Banking 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