Alan Greenspan Quotes, Thinking Quotes, Numbers Quotes

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

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Thinking Quotes , Numbers Quotes

I've been in and out of Wall Street since 1949, and I've never seen the type of animosity between government and Wall Street. And I'm not sure where it comes from, but I suspect it's got to do with a general schism in this society which is really becoming ever more destructive.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Wall Quotes , Government Quotes

In general, corruption tends to exist whenever governments have favors to extend, or something to sell.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Government Quotes , Favors 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.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Mistake Quotes , Self 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

Message Copied

Tags : Alan Greenspan Quotes , Home Quotes , Years Quotes

We will have more crises and none of them will look like this because no two crises have anything in common except human nature.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Two Quotes , Looks Quotes

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

6 years ago

Message Copied

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

Message Copied

Tags : Alan Greenspan Quotes , Jobs Quotes , Skills Quotes

There is no evidence that the business cycle has been repealed.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Evidence Quotes , Has Beens Quotes

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

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Issues Quotes , Calling Quotes

If prices go down, we will have problems - problems in the sense of spillover to other areas.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Financial Quotes , Problem Quotes

We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Jobs Quotes , Real 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

Message Copied

Tags : Alan Greenspan Quotes , Political Quotes , Groups Quotes

Rules cannot take the place of character.

6 years ago

Message Copied

Tags : Alan Greenspan 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

Message Copied

Tags : Alan Greenspan Quotes , Freedom Quotes , Issues 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.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Issues Quotes , Interesting Quotes

Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds. Then fear hits, and it comes down very sharply. When I started to look at that, I was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Fall Quotes , Looks Quotes

I'm always amazed that my wife can handle different subjects - one day politics, the next day foreign policy. And she always has so much fun doing it. We make a good team.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Fun Quotes , Team Quotes

The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Long Quotes , Debt Quotes

Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Regulation Quotes , Derivatives Quotes