A Quote by Oliver E. Williamson

If you believe that markets operate in Alan Greenspan fashion, then you don't inquire into the details.

Oliver E. Williamson

Quote Topics

Alan Believe Details Fashion If You Believe Inquire Markets Operate Then

Quote Author

Oliver E. Williamson
American - Economist
Born: September 27, 1932

For the last several decades, there was a prevailing belief among traditional economists that the markets were rational and self-correcting. Alan Greenspan advocated this view. But the 2008 financial crisis showed that this view is incorrect, and Greenspan eventually admitted as much.

Kabir Sehgal

When the former Fed chairman was in, Alan Greenspan was in, there was a saying back in those days that you called the 'Greenspan put.' Any time the treasury secretary - for the Fed chairman - said something, the market saw that as good news, and it took off.

Scott Garrett

There is an enormous thrust in our time to have a simple answer. And that simple answer is that all depends on Alan Greenspan and the Federal Reserve. And Alan, who is an old acquaintance of mine, is a marvelous performer in the impression he gives of enormously great perception.

John Kenneth Galbraith

Alan Greenspan is the worst Chairman of the Fed in history.

Steve Eisman

You wouldn't want Alan Greenspan to write the instructions for assembling a beach chair.

Robert Orben

Alan Greenspan is going to go down in history as one of the worst Federal Reserve chairmen ever.

Bill Foster

No man bears more responsibility for the present worldwide financial crisis and coming depression than Alan Greenspan.

Bill Bonner

[On reporters trying to cajole a smile from her husband, Alan Greenspan:] For a Federal Reserve chairman, that was a smile.

Andrea Mitchell

Remember, Alan Greenspan was a member of Ayn Rand's collective. To understand this is to understand why we are doomed with the Federal Reserve

Peter Fonda

Remember, Alan Greenspan was a member of Ayn Rand's collective. To understand this is to understand why we are doomed with the Federal Reserve.

Peter Fonda

Alan Greenspan is unskilled; you don't take the unskilled seriously.

Nassim Nicholas Taleb

I served on the budget committee in the Senate, and I remember as vividly as if it were yesterday when we had a hearing in which Alan Greenspan came and justified increasing spending and cutting taxes, saying that we didn't really need to pay down the debt - outrageous in my view.

Hillary Clinton

Here the ways of men divide. If you wish to strive for peace of soul and happiness, then believe; if you wish to be a disciple of truth, then inquire.

Friedrich Nietzsche

[Ben Carson] critics say that your inexperience shows. You've suggested that the Baltic States are not a part of NATO, you were unfamiliar with the major political parties and government in Israel, and domestically, you thought Alan Greenspan had been treasury secretary instead of federal reserve chair.