He was a very poor central bank chairman. He was passive in the face of what will go down as a very destructive bubble.
More Quotes from James Grant:
He's going to conduct practice until Mike returns, which we hope is tomorrow morning.James Grant
The 1980s are to debt what the 1960s were to sex. The 1960s left a hangover. So will the 1980s.
James Grant
The essential Greenspan legacy . . . is the idea that the Fed will allow nothing to go really wrong.
James Grant
The secretary told me the kids came in, they were frantic, ... We have a policy you don't come in here with your cleats on. The kids knew that. It didn't matter. I think they were concerned. Three of the varsity kids came down to the hospital and checked on him after practice.
James Grant
They cannot appreciate the full magnitude of their actions. Any time you have a person's mental capabilities that are questioned, it's going to affect how the case is handled.
James Grant
As far as I know, it was one of those things that was just sudden today.
James Grant
Readers Who Like This Quotation Also Like:
Based on Topics: Faces QuotesI have stood on the front lines of the health care system as a doctor, patient and concerned parent. Those experiences have served as my guideposts throughout the struggle to reform America's health care system. And it's those same experiences that tell me that fear and election hysteria should not overshadow the reality of reform.
Jim McDermott
I like villains because there's something so attractive about a committed person - they have a plan, an ideology, no matter how twisted. They're motivated.
Russell Crowe
The reason why men do not obey us, is because they see the mud at the bottom of our eye.
Ralph Waldo Emerson