will almost surely be reported as one of the largest advances, if not the largest, posted over the past 30 years.
More Quotes from Alan Greenspan:
Competition is the necessary driving force toward delivering a superior product or service, ... We should not shy away from it.Alan Greenspan
Notwithstanding the demonstrable advantages of the new international financial system, the Mexican financial breakdown in late 1994 and, of course, the most recent episodes in East Asia and elsewhere, have raised questions about the inherent stability of this new system,
Alan Greenspan
Our analysis of economic developments almost surely will need to deal in greater detail with balance sheet considerations than was the case in the earlier decades of the postwar period,
Alan Greenspan
The Federal Reserve has responded to the balance of market forces by gradually raising the federal funds rate over the past year, ... Certainly, to have done otherwise -- to have held the federal funds rate at last year's level even as credit demands and market interest rates rose -- would have required an inappropriately inflationary expansion of liquidity.
Alan Greenspan
The extent and pace of recovery of Asian economies currently experiencing a severe downturn will have important ramifications for prices of energy and other commodities, the strength of the dollar, and competitive conditions on world product markets,
Alan Greenspan
Maybe he will act more to target inflation and be more strict
Alan Greenspan
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