We cannot be a central bank for others.
More Quotes from Alan Greenspan:
What it suggests is that, if you smooth through the noise in the data, we are getting increasing confirmation that something fundamentally important did happen in the latter half of the 1990s, and it gives us some confidence looking into the future,Alan Greenspan
The economic and financial world is changing in ways that we still do not fully comprehend, ... Policymakers accordingly cannot always count on an ability to anticipate potentially adverse developments sufficiently in advance to effectively address them.
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
How do we know when irrational exuberance has unduly escalated asset values ... We should not underestimate or become complacent about the complexity of the interactions of asset markets and the economy.
Alan Greenspan
I have gotten calls from a number of senior high-tech executives who are telling me that the market is dissolving rapidly before their eyes. But I suspect that a not inconceivable possibility is that what is dissolving in front of their eyes is their own personal net worth
Alan Greenspan
Anything that we can do to raise personal savings is very much in the interest of this country.
Alan Greenspan
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