Alan Greenspan Quotes, Dark Quotes, Giving Quotes

Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.

5 years ago

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Tags : Alan Greenspan Quotes , Dark Quotes , Giving Quotes

We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures. Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity are in a state of shocked disbelief.

5 years ago

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Tags : Alan Greenspan Quotes , Government Quotes , Self Quotes

I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.

5 years ago

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Tags : Alan Greenspan Quotes , Success Quotes , Honesty Quotes

We cannot rule out a situation in which a preemptive policy tightening becomes necessary, ... Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.

5 years ago

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Tags : Alan Greenspan Quotes , Past Quotes , Years Quotes

There is no evidence that the business cycle has been repealed.

5 years ago

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Tags : Alan Greenspan Quotes , Evidence Quotes , Has Beens Quotes

There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.

5 years ago

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Tags : Alan Greenspan Quotes , Integrity Quotes , Arbitrary Quotes

Whatever you tax you get less of.

5 years ago

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Tags : Alan Greenspan Quotes , Economics Quotes , Economy Quotes

I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.

5 years ago

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Tags : Alan Greenspan Quotes , Realization Quotes , Starks Quotes

Deficit spending is simply a scheme for the confiscation of wealth.

5 years ago

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Tags : Alan Greenspan Quotes , Money Quotes , Gold Quotes

History demonstrates that participants in financial markets are susceptible to waves of optimism. Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.

5 years ago

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Tags : Alan Greenspan Quotes , Optimism Quotes , Imbalance Quotes

The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.

5 years ago

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Tags : Alan Greenspan Quotes , Happiness Quotes , Careers Quotes

Before I met Ayn Rand, I was a logical positivist, and accordingly, I didn't believe in absolutes, moral or otherwise. If I couldn't prove a proposition with facts and figures, it was without merit.

5 years ago

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Tags : Alan Greenspan Quotes , Believe Quotes , Facts Quotes

I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically -- I should say, fully -- hedged.

5 years ago

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Tags : Alan Greenspan Quotes , Believe Quotes , Risk Quotes

If prices go down, we will have problems - problems in the sense of spillover to other areas.

5 years ago

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Tags : Alan Greenspan Quotes , Financial Quotes , Problem Quotes

If I say something which you understand fully in this regard, I probably made a mistake.

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Tags : Alan Greenspan Quotes , Mistake Quotes , Made Quotes

Since I've become a central banker, I've learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.

5 years ago

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Tags : Alan Greenspan Quotes , Misunderstood Quotes , Bankers Quotes

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable.

5 years ago

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Tags : Alan Greenspan Quotes , Freedom Quotes , Issues Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Lying Quotes , Moving Quotes

Productivity is notoriously difficult to predict.

5 years ago

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Tags : Alan Greenspan Quotes , Difficult Quotes

Institutions of the newer participants in global finance had not been tested, until recently...recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.

5 years ago

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Tags : Alan Greenspan Quotes , Running Quotes , Financial Quotes