Our operating procedures, as you suggest, do tend to smooth out short-run fluctuations in short-term interest rates,
More Quotes from Alan Greenspan:
history cautions that investors' anticipations of the cumulative magnitude of policy actions and their timing under such circumstances are far from perfect.Alan Greenspan
This period of sub-par economic growth is not yet over, and we are not free of the risk that economic weakness will be greater than currently anticipated, requiring further policy response,
Alan Greenspan
to stagnate or worse.
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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
The addition of the Chinese economy to the global marketplace will result in a more efficient worldwide allocation of resources and will raise standards of living in China and its trading partners,
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Protectionism in all its guises, both domestic and international, does not contribute to the welfare of American workers, ... At best, it is a short-term fix at a cost of lower standards of living for the nation as a whole.
Alan Greenspan
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