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You can't have the capitalist system if an increasing number of people think it is unjust.

Alan Greenspan

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Alan Greenspan
Age: 98
Born: 1926
Born: March 6
Banker
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New York City
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More quotes by Alan Greenspan

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I'm a better economist than I was a sax player.
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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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Anything that we can do to raise personal savings is very much in the interest of this country.
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The number one problem in today's generation and economy is the lack of financial literacy.
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Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.
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I'm a plain soap kind of guy.
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These days, even out of office, I still read economic reports.
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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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I've been in and out of Wall Street since 1949, and I've never seen the type of animosity between government and Wall Street. And I'm not sure where it comes from, but I suspect it's got to do with a general schism in this society which is really becoming ever more destructive.
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There are no easy choices. Easy choices are long gone.
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In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
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I've always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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Credit-default swaps, I think, have serious problems associated with them.
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The need for values is inbred. Their content is not.
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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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The free lunch has still to be invented.
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Rules cannot take the place of character.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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