That greater tendency toward self-correction has made the cyclical stability of the economy less dependent on the actions of macroeconomic policy makers, whose responses often have come too late or have been misguided.
More Quotes from Alan Greenspan:
to stagnate or worse.Alan Greenspan
Surely difficult challenges lie ahead for the Fed, some undoubtedly of our own making, and others that will be thrust on us by market or other forces,
Alan Greenspan
We're going to be running into very severe pressures in later years, and the better we are prepared in moving into that period, the more likely it is that we will address it in a rational, sensible rational way,
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He has been one of the most effective secretaries of the Treasury in this nation's history,
Alan Greenspan
On whether recent gains in housing prices have produce a bubble, ... we certainly cannot rule out home price declines, especially in some local markets, these declines, were they to occur, likely would not have substantial macroeconomic implications.
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Further development of China's trading relationships with the United States and other industrial countries will work to strengthen the rule of law within China and to firm its commitment to economic reform,
Alan Greenspan
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