Alan Greenspan Quotes About Decisions

• Dado nuestro conocimiento inevitablemente incompleto sobre aspectos estructurales clave de nuestra economía en constante cambio y los costes o beneficios a veces asimétricos de determinados resultados, un banco central... necesita considerar no sólo la trayectoria futura más probable de la economía, sino también la distribución de los posibles resultados de esa trayectoria. A continuación, debe emitir un juicio sobre las probabilidades, los costes y los beneficios de los distintos resultados posibles en función de las distintas opciones de política económica.

  Alan Greenspan

  Keys, Incomplete Knowledge, Choices

  "Monetary Policy under Uncertainty". Alan Greenspan's Remarks At a symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, www.federalreserve.gov. August 29, 2003.

• Senator, we are groping for understanding, the knowledge you assume I possess doesn't exist' - 'The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills' - 'Senator, if I seem clear to you, you must have misunderstood me' - 'Unfortunately, Senator, nobody knows where the next innovative idea is coming from. Political decisions are never random and will always lose out to innovative alternatives

  Alan Greenspan

  Lying, Moving, Ignorance

• It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making

  Alan Greenspan

  Success, Business, Decision

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