Without calling the overall national issue a bubble, it's pretty clear that it's an unsustainable underlying pattern.

We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.

The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses...While these tendencies were no doubt in train in the "old," pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.

I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.

Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.

We will have more crises and none of them will look like this because no two crises have anything in common except human nature.

Greenspan, who knew so much more than most, knew far less than most supposed.