there are mechanisms in place that should help to slow the growth of spending to a pace more consistent with that of potential output growth.
More Quotes from Alan Greenspan:
Issuance of equity and of bonds by lower-rated corporations has come virtually to a halt -- even investment-grade companies have cut back substantially on their borrowings,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
He has been one of the most effective secretaries of the Treasury in this nation's history,
Alan Greenspan
the amount of rate cuts required to revive the economy will not be deep.
Alan Greenspan
While this stellar non-inflationary economic expansion still appears remarkably stress-free on the surface, there are developing imbalances that give us pause,
Alan Greenspan
will almost surely be reported as one of the largest advances, if not the largest, posted over the past 30 years.
Alan Greenspan
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