But, given our current state of knowledge, I find it difficult to envision central banks successfully targeting asset prices any time soon,
More Quotes from Alan Greenspan:
By the measure of what benefits consumers, such enterprises should not be discouraged,Alan Greenspan
investing Social Security trust fund assets in equities compromises the efficient allocation of our capital -- whichis so essential to raising our standards of living.
Alan Greenspan
History cautions that extended periods of low concern about credit risk have invariably been followed by reversal, with an attendant fall in the prices of risky assets.
Alan Greenspan
I think people are going to be quite surprised at their heating bills this winter,
Alan Greenspan
there are mechanisms in place that should help to slow the growth of spending to a pace more consistent with that of potential output growth.
Alan Greenspan
Demand has been growing quite strongly in recent months, and the (Fed monetary-policy committee) will have to judge whether that pace of expansion will be maintained (and), if so, whether it will continue to be met by solid productivity growth, as it apparently has been.
Alan Greenspan
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