Alan Greenspan Quotes, Difficult Quotes

Productivity is notoriously difficult to predict.

5 years ago

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Tags : Alan Greenspan Quotes , Difficult 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.

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Tags : Alan Greenspan Quotes , Freedom Quotes , Issues Quotes

We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.

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Tags : Alan Greenspan Quotes , Bells Quotes , May Quotes

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

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Tags : Alan Greenspan Quotes , Player Quotes

Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.

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Tags : Alan Greenspan Quotes , Technology Quotes , Practice Quotes

How do we know when irrational exuberance has unduly escalated asset values?

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Tags : Alan Greenspan Quotes , Memorable Quotes , Assets 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

Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.

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Tags : Alan Greenspan Quotes , Resilience Quotes , Fiscal Policy Quotes

The process of innovation is, of course, never ending.

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Tags : Alan Greenspan Quotes , Innovation Quotes , Process Quotes

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

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Tags : Alan Greenspan Quotes , Issues Quotes , Calling Quotes

If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.

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Tags : Alan Greenspan Quotes , Moving Quotes , Together 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

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

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

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.

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Tags : Alan Greenspan Quotes , Momentum Quotes , Financial 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.

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Tags : Alan Greenspan Quotes , Successful Quotes , Coins 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.

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Tags : Alan Greenspan Quotes , Successful Quotes , Stuff Quotes

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

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Tags : Alan Greenspan Quotes , Alternatives Quotes , Benefits 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

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

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Tags : Alan Greenspan Quotes , Statistics Quotes