The problem is you cannot have free global trade with highly restrictive, regulated domestic markets. — Alan Greenspan Copy Share Image
...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
Diplomacy is really far less important than the stock movements within Russia. — Alan Greenspan Copy Share Image
Markets do very weird things because it reacts to how people behave, and sometimes people are a little screwy. — Alan Greenspan Copy Share Image
It's only when the markets are perceived to have exhausted themselves on the downside that they turn. Trying to prevent them from… — 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
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
The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end… — Alan Greenspan Copy Share Image
I don't know where the stock market is going, but I will say this, that if it continues higher, this will do… — 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
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
I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they… — Alan Greenspan Copy Share Image
Senator, we are groping for understanding, the knowledge you assume I possess doesn't exist' - 'The only effective regulation lies in the… — Alan Greenspan Copy Share Image
Well, you probably will always believe there should be laws against fraud, and I don't think there is any need for a… — Alan Greenspan Copy Share Image
We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power. — 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
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
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
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
![“I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically -- I should say, fully -- hedged.” quote by Alan Greenspan](https://sms4smile.com/quotes/img-quotes/c3d/alan-greenspan-1834_believe_i-believe-that-the-general-growth-in-lar_267082.jpg)
![“Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism. In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by…” quote by Alan Greenspan](https://sms4smile.com/quotes/img-quotes/e7f/alan-greenspan-1834_america_skilled-shortages-in-america-exist-becau_52819.jpg)
