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Home > Alan Greenspan

1 Quotes

• "But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?", Francis Boyer Lecture of The American Enterprise Institute for Public Policy Research, Washington, D.C., December 5, 1996 [1]

• "Once stock prices reach the point at which it is hard to value them by logical methodology, stocks will be bought as they were in the late 1920s not for investment but to be unloaded at a still higher price. The ensuing break could be disastrous because panic psychology cannot be summarily altered or reversed by easing money policies." Greenspan in 1959. [2]

Wikiquote page: Alan Greenspan

2 External links

1. Official Federal Reserve biography
2. 1996 speech by Greenspan about the challenges of central banking
3. 2003 speech by Greenspan about "Market Economies and Rule of Law"

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Topics: Alan Greenspan Chairman Reserve Federal Term Bush Economics...

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