589 Quotes by Alan Greenspan

History cannot be reduced to a set of statistics and probabilities.

Although this treatment of the cost of options is not ideal, it is arguably superior to their treatment in shareholder reports, where options are generally not expensed at all,

We at the Federal Reserve have greatly benefited from his perspective and keen insights.

If we can maintain an adequate degree of flexibility, some of America 's economic imbalances, most notably the large current account deficit and the housing boom, can be rectified by adjustments in prices, interest rates, and exchange rates rather than through more-wrenching changes in output, incomes, and employment.

Europe is very critical to the United States in the sense not only do we have a fourth of our exports there, but more importantly, a significant proportion of the foreign affiliate profits in fact, half of U.S. corporations, are in Europe.

The imbalance in the federal budgetary situation, unless addressed soon, will pose serious longer-term fiscal difficulties,

If we delay, the adjustments could be abrupt and painful,

weathered reasonably well the steep rise in spot and futures prices for oil and natural gas.

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, wage-skill differentials would be stable, and the percentage changes in wage rates would be the same for all job grades.