...our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom… — Alan Greenspan Copy Share Image
It is decidedly not true that "nice guys finish last," as that highly original American baseball philosopher, Leo Durocher, was alleged to… — Alan Greenspan Copy Share Image
Regulation - which is based on force and fear - undermines the moral base of business dealings. It becomes cheaper to bribe… — Alan Greenspan Copy Share Image
When trust is lost, a nation's ability to transact business is palpably undermined. — Alan Greenspan Copy Share Image
I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the… — Alan Greenspan Copy Share Image
It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's… — Alan Greenspan Copy Share Image
I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the… — Alan Greenspan Copy Share Image
What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk… — Alan Greenspan Copy Share Image
It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade. The… — Alan Greenspan Copy Share Image
One of the problems with hedge funds is that they are changing so rapidly. If you have the balance sheet that closed… — Alan Greenspan Copy Share Image
The only thing that was economic, I might say, about my music career, aside from the fact that I did everybody's tax… — Alan Greenspan Copy Share Image
I was a good amateur but only an average professional. I soon realized that there was a limit to how far I… — Alan Greenspan Copy Share Image
The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this… — Alan Greenspan Copy Share Image
I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both… — 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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
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 Image
The guiding purpose of the government regulator is to prevent rather than to create something. — Alan Greenspan Copy Share Image
