We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
Alan GreenspanRegulators have not been able to achieve the level of future clarity required to act pre-emptively. The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so...
Alan GreenspanSkilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism. In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals. Eliminating such restrictions would reduce at least some of the income inequality.
Alan GreenspanBy far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
Alan Greenspan