Alan Greenspan Quotes, Successful Quotes, Stuff 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

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

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

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

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.

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Tags : Alan Greenspan Quotes , Past Quotes , Years 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

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.

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Tags : Alan Greenspan Quotes , Wall Quotes , Government Quotes

The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.

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Tags : Alan Greenspan Quotes , War Quotes , Retrospect Quotes

I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.

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Tags : Alan Greenspan Quotes , Success Quotes , New York Quotes

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

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Tags : Alan Greenspan Quotes , Regulation Quotes , Derivatives Quotes

And whatever their publicized angst over Saddam Hussein's 'weapons of mass destruction,' American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy. I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.

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Tags : Alan Greenspan Quotes , War Quotes , Mass Destruction Quotes

Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my view is I don't think we can play subtle policy here.

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Tags : Alan Greenspan Quotes , Cutting Quotes , Thinking Quotes

To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills.

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Tags : Alan Greenspan Quotes , Success Quotes , Education Quotes

Rules cannot take the place of character.

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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.

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Tags : Alan Greenspan Quotes , Mistake Quotes , Self Quotes

I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.

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Tags : Alan Greenspan Quotes , Realization Quotes , Starks Quotes

History demonstrates that participants in financial markets are susceptible to waves of optimism. Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.

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Tags : Alan Greenspan Quotes , Optimism Quotes , Imbalance 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

Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. 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?

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Tags : Alan Greenspan Quotes , Past Quotes , Japan Quotes

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

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Tags : Alan Greenspan Quotes , Needs Quotes , Inbreds Quotes