In retrospect, I see nothing that we did that was inappropriate in terms of policy,
More Quotes from Alan Greenspan:
The very few times which we have intervened have occurred, ... when we believe the markets are unstable and that intervention might have an impact.Alan Greenspan
Without the needed restrictions on the size of the GSE balance sheets, we put at risk our ability to preserve safe and sound financial markets in the United States, a key ingredient of support for housing,
Alan Greenspan
To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills.
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We need ... to be aware that our front-loaded policy actions this year, coupled with the tax cuts under way, should be increasingly affecting economic activity as the year progresses,
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The housing boom will inevitably simmer down, ... As part of that process, house turnover will decline from currently historic levels, while home price increases will slow and prices could even decrease.
Alan Greenspan
to stagnate or worse.
Alan Greenspan
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