Alan Greenspan

The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.

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These are some quotes by American author Alan Greenspan Economist, who was born on March 6, 1926.

Quotes by Alan Greenspan

Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of that stuff.

Alan Greenspan

characteristiccorruptioneconomy

If I turn out to be particularly clear, you've probably misunderstood what I've said.

Alan Greenspan

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Markets do very weird things because it reacts to how people behave, and sometimes people are a little screwy.

Alan Greenspan

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The federal debt in this country is principally of Republican design.

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It's a terrifying thing to be perhaps 16 or 17 and feel like you are a failure and a has-been.

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Contagion has become very much a phenomenon, and it's a phenomenon of globalization.

Lawrence Summers

contagionglobalizationphenomenon

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