How do we know when irrational exuberance has unduly escalated asset values? — Alan Greenspan Copy Share Image
Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be… — Alan Greenspan Copy Share Image
Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the… — Alan Greenspan Copy Share Image
Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning… — Alan Greenspan Copy Share Image
In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset… — Alan Greenspan Copy Share Image
But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions… — Alan Greenspan Copy Share Image
We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy,… — Alan Greenspan Copy Share Image
It's hard to tell which assets will be toxic. The best way to ensure that only shareholders and banks feel it is… — Alan Greenspan Copy Share Image
Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours. — Alan Greenspan Copy Share
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,… — Alan Greenspan Copy Share
To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal… — Alan Greenspan Copy Share
I've always argued that this country has benefited immensely from the fact that we draw people from all over the world. — Alan Greenspan Copy Share
I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It… — Alan Greenspan Copy Share
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… — Alan Greenspan Copy Share
Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage… — Alan Greenspan Copy Share
A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority… — Alan Greenspan Copy Share
Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the… — Alan Greenspan Copy Share
At the outset of the creation of the euro in 1999, it was expected that the southern eurozone economies would behave like those in… — Alan Greenspan Copy Share
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… — Alan Greenspan Copy Share
The guiding purpose of the government regulator is to prevent rather than to create something. — Alan Greenspan Copy Share
...our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do… — Alan Greenspan Copy Share
It's hard to overemphasize how important Ford's deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged… — Alan Greenspan Copy Share
