Alan Greenspan Quotes, Fall Quotes, Looks 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.

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Tags : Alan Greenspan Quotes , Fall Quotes , Looks 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.

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Tags : Alan Greenspan Quotes , Two Quotes , Looks Quotes

It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade. The worst have failed; investors no longer fund them and are not likely to in the future.

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Tags : Alan Greenspan Quotes , Business Quotes , Past Quotes

Productivity is notoriously difficult to predict.

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Tags : Alan Greenspan Quotes , Difficult Quotes

Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.

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Tags : Alan Greenspan Quotes , Stress Quotes , Use 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.

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Tags : Alan Greenspan Quotes , Jobs Quotes , Skills Quotes

Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.

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Tags : Alan Greenspan Quotes , Government Quotes , Support Quotes

Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I'm only half joking

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Tags : Alan Greenspan Quotes , Office Quotes , President Quotes

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

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Tags : Alan Greenspan Quotes , Risk Quotes , Aftermath Quotes

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

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Tags : Alan Greenspan Quotes , Player Quotes

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

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Tags : Alan Greenspan Quotes , Office Quotes , Economic 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.

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Tags : Alan Greenspan Quotes , Gold Quotes , Derivatives Quotes

Gold, unlike all other commodities, is a currency...and the major thrust in the demand for gold is not for jewelry. It's not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.

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Tags : Alan Greenspan Quotes , Gold Quotes , Paper Quotes

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

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Tags : Alan Greenspan Quotes , Baseball Quotes , Golf 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.

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Tags : Alan Greenspan Quotes , Believe Quotes , Facts Quotes

I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I'm running into the tyranny of zero, which is where you can't reduce (the debt) any more

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Tags : Alan Greenspan Quotes , Running Quotes , Zero Quotes

Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.

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Tags : Alan Greenspan Quotes , Money Quotes , Rights Quotes

The need for values is inbred. Their content is not.

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Tags : Alan Greenspan Quotes , Needs Quotes , Inbreds Quotes

Deficit spending is simply a scheme for the confiscation of wealth.

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Tags : Alan Greenspan Quotes , Money Quotes , Gold Quotes

If we are to remain preeminent in transforming knowledge into economic value, America's system of higher education must remain the world's leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.

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Tags : Alan Greenspan Quotes , Teaching Quotes , Economic Value Quotes