Since 1948 I have spent every single day thinking how the economic and political worlds have changed. Alan Greenspan changedayeconomic Change image and share on social
I'm a free-market economist from years and years back, and I've never veered from that. Alan Greenspan backeconomistfree Change image and share on social
Fear invariably and universally induces disengagement, and disengagement is negative division of labor. Alan Greenspan disengagementdivisionfear Change image and share on social
Fear is a far more dominant force in human behaviour than euphoria - I would never have expected that or given it a moment's thought before, but it shows up in the data in so many ways. Alan Greenspan behaviourdatumdominant Change image and share on social
One of the problems with hedge funds is that they are changing so rapidly. If you have the balance sheet that closed business last night, by 11 A.M. this morning, that won't tell you very much about what they're doing. Alan Greenspan balancebusinesschange share on social
I think the whole issue of a debt ceiling makes no sense to me whatsoever. Anybody who is remotely adroit at arithmetic doesn't need a debt ceiling to tell you where you are. Alan Greenspan adroitarithmeticceil Change image and share on social
Every economy exists, no matter what the level of democracy, has elements of crony capitalism. It's - given human nature and given the democratic structures, which we all, I assume, adhere to, that is an inevitable consequence. Alan Greenspan adhereassumecapitalism share on social
Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours. Alan Greenspan capitalismconditioncrony Change image and share on social
You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can. Alan Greenspan bitcoinimaginationinfer Change image and share on social
I do not understand where the backing of Bitcoin is coming from. There is no fundamental issue of capabilities of repaying it in anything which is universally acceptable, which is either intrinsic value of the currency or the credit or trust of the individual who is issuing the money, whether it's a government or an individual. Alan Greenspan acceptablebackbitcoin share on social