While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the … - Alan Greenspan

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Quote of the day

The people will learn to feel the dignity of man. They will not merely demand their rights, which have been trampled in the dust, but themselves will take them - make them their own.

Alan Greenspan

While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.

Diversity, Price, Size, United States

Same Author Quotes

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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