The world of antitrust is reminiscent of Alices Wonderland everything seemingly is, yet apparently isnt, simultaneously. It is a world in which competition is lauded as the basic axiom and guiding principle, yet 'too much' competition is condemned as 'cutthroat.' It is a world in which actions designed to limit competition are branded as criminal when taken by businessmen, yet praised as 'enlightened' when initiated by the government. It is a world in which the law is so vague that businessmen have no way of knowing whether specific actions will be declared illegal until they hear the judges verdict after the fact.
More Quotes from Alan Greenspan:
could prove destabilizing to our financial system as a whole and in the end could seriously diminish the availability of home mortgage funds.Alan Greenspan
I have little doubt that my successors, and theirs, will continue to sustain the leadership of the American financial system in an ever-widening global economy,
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
The demand for new computer applications will no doubt continue to spur demand for those with the creativity and the higher-level conceptual skills that will enable us to increasingly harness technology to produce greater economic value,
Alan Greenspan
I can safely say there is no endeavor to coordinate an interest rate cut,
Alan Greenspan
A significant amount of consumption is driven by capital gains on some combination of both stocks and residences,
Alan Greenspan
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