What is not clear is whether the market values that are being placed on particular assets involved in this technology revolution are appropriately priced.
More Quotes from Alan Greenspan:
With production running well below sales, the lift to income and spending from the inevitable cessation of inventory liquidation could be significant,Alan Greenspan
We're going to see some erosion in a number of macroeconomic variables
Alan Greenspan
The physical assets of such a firm comprise a small proportion of its asset base, ... Trust and reputation can vanish overnight. A factory cannot.
Alan Greenspan
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.
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
Firms still appear hesitant to spend and hire, and we need to remain mindful of the possibility that lingering business caution could be an impediment to improved economic performance,
Alan Greenspan
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Dan Lipinski
Whoever understands how to do a kindness when he fares well would be a friend better than any possession.
Sophocles
Insanity is hereditary; you get it from your children.
Sam Levenson