589 Quotes by Alan Greenspan

often in ways that were not readily foreseeable a year ago.

How can we ignore the fact that virtually all forecasts of the budget balance have been wide of the mark in recent years?

I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.

We have a way to go. We're not there yet.

We are very firm in the notion that this country should not visit the 1970s again in the way of inflation,

We have a very special mission. We are in charge of the nation's currency and the central bank, because of that, is involved in everyone's daily lives. We are the guardians of their purchasing power.

Before the crisis broke, there was little reason to question the three decades of phenomenally solid East Asian economic growth, largely financed through the banking system, so long as the rapidly expanding economies and bank credit kept the ratio of non-performing loans to total bank assets low,

The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.

of interest-only loans and the introduction of more-exotic forms of adjustable-rate mortgages are developments of particular concern.