Alan Greenspan Quotes, Retrospect Quotes

Revolutions are something you see only in retrospect.

5 years ago

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Tags : Alan Greenspan Quotes , Retrospect Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Years Quotes , Important 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.

5 years ago

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Tags : Alan Greenspan Quotes , Bells Quotes , May Quotes

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

5 years ago

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Tags : Alan Greenspan Quotes , Safety Quotes , Gold Quotes

Excessive optimism sows the seeds of its own reversal.

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Tags : Alan Greenspan Quotes , Optimism Quotes , Reversal Quotes

There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.

5 years ago

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Tags : Alan Greenspan Quotes , Integrity Quotes , Arbitrary Quotes

I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.

5 years ago

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Tags : Alan Greenspan Quotes , Mean Quotes , Cutting Quotes

I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.

5 years ago

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Tags : Alan Greenspan Quotes , Easy Quotes , Legislation 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.

5 years ago

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Tags : Alan Greenspan Quotes , Gold Quotes , Paper 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.

5 years ago

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Tags : Alan Greenspan Quotes , Business Quotes , Past Quotes

I've always argued that this country has benefited immensely from the fact that we draw people from all over the world.

5 years ago

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Tags : Alan Greenspan Quotes , Country Quotes , People Quotes

Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity. Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.

5 years ago

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Tags : Alan Greenspan Quotes , Fall Quotes , Home Quotes

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

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Tags : Alan Greenspan Quotes , Government Quotes , Favors 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

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

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Tags : Alan Greenspan Quotes , Regulation Quotes , Derivatives Quotes

Regulators have not been able to achieve the level of future clarity required to act pre-emptively. The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so...

5 years ago

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Tags : Alan Greenspan Quotes , Ignorance Quotes , Reality Quotes

I'm a plain soap kind of guy.

5 years ago

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Tags : Alan Greenspan Quotes , Guy Quotes , Soap Quotes

Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices, ... This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.

5 years ago

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Tags : Alan Greenspan Quotes , Risk Quotes , Aftermath Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Office Quotes , Economic Quotes

The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.

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Tags : Alan Greenspan Quotes , Unique Quotes , Expansion Quotes