Alan Greenspan Quotes, Years Quotes, Important Quotes

The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Years Quotes , Important Quotes

I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Real Quotes , Long Quotes

Significantly opening up immigration to skilled workers solves two problems. The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Two Quotes , Opening Up Quotes

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

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Player Quotes

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

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Memorable Quotes , Assets 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.

6 years ago

Message Copied

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

Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Gold Quotes , Dollars Quotes

Now, I only play very occasionally, and in fact, more piano than clarinet or sax.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Play Quotes , Piano Quotes

Greenspan, who knew so much more than most, knew far less than most supposed.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Ignorance Quotes

It is decidedly not true that "nice guys finish last," as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Life Quotes , Success Quotes

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Jobs Quotes , Philosophy Quotes

Institutions of the newer participants in global finance had not been tested, until recently...recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Running Quotes , Financial Quotes

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

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Needs Quotes , Inbreds 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.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Bells Quotes , May Quotes

I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically -- I should say, fully -- hedged.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Believe Quotes , Risk 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

Message Copied

Tags : Alan Greenspan Quotes , Past Quotes , Years 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.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Gold Quotes , Derivatives 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.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Cutting Quotes , Thinking 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

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

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Office Quotes , President Quotes