Quotations
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Alan Greenspan Quotes
«The type of economy that we are dealing with at this particular stage is, I suspect, one that none of us has seen before, and indeed it may be unprecedented in our history, ... Our basic purpose is to keep that process going.»
Author: Alan Greenspan
«The fact of the matter is, we do not have an unlimited amount of labor, ... the wealth effect cannot persist indefinitely.»
Author: Alan Greenspan
«I cannot find (inflation) no matter where I look,»
Author: Alan Greenspan
«Until market forces, assisted by a vigilant Federal Reserve, affect the necessary alignment of aggregate demand with the growth of potential aggregate supply, the full benefits of innovative productivity acceleration are at risk of being undermined by financial and economic instability,»
Author: Alan Greenspan
« we have seen how lax standards, excesses, or fraud can cause disproportionate losses to insurance funds.»
Author: Alan Greenspan
«With regard to margin requirements, studies suggest that changes in such requirements have no appreciable and predictable effect on stock prices, ... Nonetheless, the Federal Reserve recognizes that considerable risks can be involved in the purchase of equity on margin, especially in volatile markets, and believes lenders and borrowers need to assess carefully the risks they are assuming through the use of margin.»
Author: Alan Greenspan
«Our operating procedures, as you suggest, do tend to smooth out short-run fluctuations in short-term interest rates,»
Author: Alan Greenspan
«the pressure to enlarge the pool of skilled workers also requires that we strengthen the significant contributions of other types of training and educational programs, especially for those with lesser skills.»
Author: Alan Greenspan
«The demand for new computer applications will no doubt continue to spur demand for those with the creativity and the higher-level conceptual skills that will enable us to increasingly harness technology to produce greater economic value,»
Author: Alan Greenspan
«The rapid growth and increasing importance of derivative instruments in the risk profile of many large banks has been a particular concern,»
Author: Alan Greenspan