Alan Greenspan Stability Quotations

Notwithstanding the demonstrable advantages of the new international financial system, the Mexican financial breakdown in late 1994 and, of course, the most recent episodes in East Asia and elsewhere, have raised questions about the inherent stability of this new system,

That greater tendency toward self-correction has made the cyclical stability of the economy less dependent on the actions of macroeconomic policy makers, whose responses often have come too late or have been misguided.

Before the recovery process gets under way, stability will need to be restored to the American economy and to others around the world,

The growing stability of the world economy over the past decade may have encouraged investors to accept increasingly lower levels of compensation for risk.

I do think that we have to bring the existing instability to a level of stability reasonably shortly to prevent the contagion from really spilling over and creating some very significant kinds of problems for all of us.