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Letter "A" » Alan Greenspan Quotes


«There is a limit to how long and how far deficits can be sustained,»
«new innovations have begun to alter the manner in which we do business and create value, often in ways not readily foreseeable even five years ago.»
«The remarkable American economy, whose roots are still not conclusively known, and the Asian crises that caught us by surprise, among other humbling experiences, have made policy-makers particularly sensitive to how fast the world can shift beneath our feet,»
«I find it difficult to believe, for example, that the crises that arose in Thailand and Korea would have been nearly so virulent had their central banks published data prior to the crises on net reserves instead of the not very informative gross reserve positions only,»
«The United States has been in the forefront of the postwar opening up of international markets, much to our, and the rest of the world's, benefit, ... It would be a great tragedy were that process reversed.»
«I am extraordinarily grateful to Alice Rivlin for her many contributions to the Federal Reserve.»
«The rate of growth of productivity cannot increase indefinitely, ... While there appears to be considerable expectation in the business community, and possibly Wall Street, that the productivity acceleration has not yet peaked, experience advises caution.»
«While this stellar non-inflationary economic expansion still appears remarkably stress-free on the surface, there are developing imbalances that give us pause,»
«What is not clear is whether the market values that are being placed on particular assets involved in this technology revolution are appropriately priced.»
«there are mechanisms in place that should help to slow the growth of spending to a pace more consistent with that of potential output growth.»

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