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
Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular… — Alan Greenspan Copy Share Image
We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures. Those… — Alan Greenspan Copy Share Image
Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to… — Alan Greenspan Copy Share Image
If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal… — Alan Greenspan Copy Share Image
Given our inevitably incomplete knowledge about key structural aspects of an everchanging economy and the sometimes asymmetric costs or benefits of particular… — 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
