While, three months ago, it was clearly a desirable action ... we didn't pass a stimulus bill, ... Fortunately it turned out we didn't need that particular action.
More Quotes from Alan Greenspan:
We are not starting off with the proposition that inflation is a big bogey and that we will construct all sorts of arguments ... thwart it,Alan Greenspan
Large deficits will result in rising interest rates and an ever-growing ratio of debt service to GDP (gross domestic product),
Alan Greenspan
It's too soon in the fourth quarter to make very many judgments, but despite the fact that we clearly have been shocked by the tragedy of September 11, there is no evidence at this stage from the data we have to date that there will be a decline in the fourth quarter,
Alan Greenspan
History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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
Further development of China's trading relationships with the United States and other industrial countries will work to strengthen the rule of law within China and to firm its commitment to economic reform,
Alan Greenspan
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