Alan Greenspan

Alan Greenspan

By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.More Alan Greenspan quotes [03/29/2018 05:03:36]
This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets. Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.More Alan Greenspan quotes [03/29/2018 05:03:36]
Given our inevitably incomplete knowledge about key structural aspects of an everchanging economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank needs to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path. The decision makers then need to reach judgment about the probabilities, costs and benefits of the various possible outcomes under alternative choices for policy.More Alan Greenspan quotes [03/29/2018 05:03:36]
Significantly opening up immigration to skilled workers solves two problems. The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.More Alan Greenspan quotes [03/29/2018 05:03:36]
We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.More Alan Greenspan quotes [03/29/2018 05:03:36]

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