{
  "type": "quote",
  "site": {
    "name": "Leafy Quotes",
    "language": "en",
    "url": "https://www.leafyquotes.com"
  },
  "formats": "Every page has two versions with the same data: JSON (the page address + .json) and markdown (the page address + .md). Append .json or .md to any `url` in this document.",
  "url": "https://www.leafyquotes.com/alan-greenspan/the-age-of-turbulence/i-came-to-a-stark",
  "json": "https://www.leafyquotes.com/alan-greenspan/the-age-of-turbulence/i-came-to-a-stark.json",
  "markdown": "https://www.leafyquotes.com/alan-greenspan/the-age-of-turbulence/i-came-to-a-stark.md",
  "id": "5d19b133-f80f-493d-a5ca-5e79f37d5756",
  "slug": "i-came-to-a-stark",
  "text": "I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.",
  "language": "en",
  "author": {
    "name": "Alan Greenspan",
    "slug": "alan-greenspan",
    "url": "https://www.leafyquotes.com/alan-greenspan"
  },
  "book": {
    "title": "The Age of Turbulence",
    "slug": "the-age-of-turbulence",
    "url": "https://www.leafyquotes.com/alan-greenspan/the-age-of-turbulence"
  },
  "character": null,
  "chapter": null,
  "chapter_parent": null,
  "page": 218,
  "verified": false,
  "original": null,
  "other_languages": [],
  "topics": [
    {
      "name": "economy",
      "slug": "economy",
      "url": "https://www.leafyquotes.com/topics/economy"
    }
  ],
  "source": {
    "name": "Wikiquote",
    "url": "https://en.wikiquote.org/wiki/Alan_Greenspan#The_Age_of_Turbulence_(2008)",
    "license": {
      "label": "CC BY-SA 4.0",
      "url": "https://creativecommons.org/licenses/by-sa/4.0/"
    }
  },
  "added_at": "2026-09-25T22:48:45",
  "more_from_book": [
    {
      "id": "e8326d8e-b666-48f7-a3a8-3b16f31f6413",
      "slug": "an-area-in-which",
      "url": "https://www.leafyquotes.com/alan-greenspan/the-age-of-turbulence/an-area-in-which",
      "text": "An area in which more rather than less government involvement is needed, in my judgment, is the rooting out of fraud. It is the bane of any market system.",
      "language": "en",
      "character": null,
      "chapter": null,
      "chapter_parent": null,
      "page": 375,
      "verified": false,
      "original": null,
      "other_languages": [],
      "topics": [
        {
          "name": "the state",
          "slug": "the-state",
          "url": "https://www.leafyquotes.com/topics/the-state"
        },
        {
          "name": "economy",
          "slug": "economy",
          "url": "https://www.leafyquotes.com/topics/economy"
        }
      ],
      "source": {
        "name": "Wikiquote",
        "url": "https://en.wikiquote.org/wiki/Alan_Greenspan#The_Age_of_Turbulence_(2008)",
        "license": {
          "label": "CC BY-SA 4.0",
          "url": "https://creativecommons.org/licenses/by-sa/4.0/"
        }
      },
      "added_at": "2026-09-25T22:48:46"
    },
    {
      "id": "e729b168-3ec7-4d88-bc01-dede4b2f8aec",
      "slug": "from-the-development",
      "url": "https://www.leafyquotes.com/alan-greenspan/the-age-of-turbulence/from-the-development",
      "text": "From the development of the textile loom two centuries ago to today's Internet, output per hour has increased fifty fold.",
      "language": "en",
      "character": null,
      "chapter": null,
      "chapter_parent": null,
      "page": 471,
      "verified": false,
      "original": null,
      "other_languages": [],
      "topics": [
        {
          "name": "work",
          "slug": "work",
          "url": "https://www.leafyquotes.com/topics/work"
        },
        {
          "name": "technology",
          "slug": "technology",
          "url": "https://www.leafyquotes.com/topics/technology"
        }
      ],
      "source": {
        "name": "Wikiquote",
        "url": "https://en.wikiquote.org/wiki/Alan_Greenspan#The_Age_of_Turbulence_(2008)",
        "license": {
          "label": "CC BY-SA 4.0",
          "url": "https://creativecommons.org/licenses/by-sa/4.0/"
        }
      },
      "added_at": "2026-09-25T22:48:46"
    },
    {
      "id": "9fb87d20-742f-4f76-bd7d-c19c16c94aec",
      "slug": "the-probability-of-ten",
      "url": "https://www.leafyquotes.com/alan-greenspan/the-age-of-turbulence/the-probability-of-ten",
      "text": "The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.",
      "language": "en",
      "character": null,
      "chapter": null,
      "chapter_parent": null,
      "page": 465,
      "verified": false,
      "original": null,
      "other_languages": [],
      "topics": [
        {
          "name": "money",
          "slug": "money",
          "url": "https://www.leafyquotes.com/topics/money"
        },
        {
          "name": "chance",
          "slug": "chance",
          "url": "https://www.leafyquotes.com/topics/chance"
        }
      ],
      "source": {
        "name": "Wikiquote",
        "url": "https://en.wikiquote.org/wiki/Alan_Greenspan#The_Age_of_Turbulence_(2008)",
        "license": {
          "label": "CC BY-SA 4.0",
          "url": "https://creativecommons.org/licenses/by-sa/4.0/"
        }
      },
      "added_at": "2026-09-25T22:48:46"
    }
  ]
}