There appears to be enough evidence, at least tentatively, to conclude that our strategy of addressing the bubble's consequences rather than the bubble itself has been successful,
More Quotes from Alan Greenspan:
The odds ... increasingly favor a revival in job creation,Alan Greenspan
only the peripheral winds of the Asian crisis.
Alan Greenspan
Until we experience an economic slowdown, we will not know for sure how much of the extraordinary rise in output per hour in the past five years is attributable to the irreversible way value is created and how much reflects endeavors on the part of the business community to stretch existing capital and labor resources in ways that are not sustainable over the long run,
Alan Greenspan
Throughout all this history, the CEA has, in most cases, provided the president with the best economic advice available at the time and has, crucially, been a consistent advocate for the importance of market forces,
Alan Greenspan
For the moment, the broadly unanticipated behavior of world bond markets remains a conundrum .
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
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Either he's dead or my watch has stopped.
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