The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
Alan GreenspanRegulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
Alan GreenspanProtectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
Alan GreenspanSenator, we are groping for understanding, the knowledge you assume I possess doesn't exist' - 'The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills' - 'Senator, if I seem clear to you, you must have misunderstood me' - 'Unfortunately, Senator, nobody knows where the next innovative idea is coming from. Political decisions are never random and will always lose out to innovative alternatives
Alan Greenspan