589 Quotes by Alan Greenspan

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.

high enough to raise questions about whether shares are overvalued.

Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices. It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.

the amount of rate cuts required to revive the economy will not be deep.

Technology is also damping upward price pressures through its effect on international trade,

American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.

There are no easy choices. Easy choices are long gone.

By the measure of what benefits consumers, such enterprises should not be discouraged,

...most of the gains in the level and the growth rate of productivity in the United States since 1995 appear to be structural, largely driven by advances in technology and its application -- irreversible in the sense that knowledge once gained is almost never lost,