We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But… — Alan Greenspan Copy Share Image
I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in… — Alan Greenspan Copy Share Image
Institutions of the newer participants in global finance had not been tested, until recently...recent crisis have underscored certain financial structure vulnerabilities that… — 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
The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of… — 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
The number one problem in today's generation and economy is the lack of financial literacy. — 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
By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives. — 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
If prices go down, we will have problems - problems in the sense of spillover to other areas. — Alan Greenspan Copy Share Image
This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns… — Alan Greenspan Copy Share Image
If prices go down, we will have problems - problems in the sense of spillover to other areas, Greenspan said. While he… — Alan Greenspan Copy Share Image
History demonstrates that participants in financial markets are susceptible to waves of optimism. Excessive optimism shows the seeds of its own reversal… — Alan Greenspan Copy Share Image
The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key… — 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
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