Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening … - Alan Greenspan

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If our feelings control our actions, it is because we have abdicated our responsibility and empowered them to do so.

Alan Greenspan

Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.

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But rules cannot substitute for character.

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I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.

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Regulators have not been able to achieve the level of future clarity required to act pre-emptively. The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so. . .

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Credit-default swaps, I think, have serious problems associated with them.

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I'm always amazed that my wife can handle different subjects - one day politics, the next day foreign policy. And she always has so much fun doing it. We make a good team.

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