Alan Greenspan Quotes, Running Quotes, Zero Quotes

I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I'm running into the tyranny of zero, which is where you can't reduce (the debt) any more

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Tags : Alan Greenspan Quotes , Running Quotes , Zero Quotes

While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.

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Tags : Alan Greenspan Quotes , Diversity Quotes , Imbalance Quotes

Greenspan, who knew so much more than most, knew far less than most supposed.

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Tags : Alan Greenspan Quotes , Ignorance Quotes

Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity. Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.

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Tags : Alan Greenspan Quotes , Fall Quotes , Home Quotes

The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.

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Tags : Alan Greenspan Quotes , Mean Quotes , Rights Quotes

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

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Tags : Alan Greenspan Quotes , Safety Quotes , Gold Quotes

As long as we issue fiat currency, I see no alternative to a legal tender law.

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Tags : Alan Greenspan Quotes , Money Quotes , Law Quotes

Now, I only play very occasionally, and in fact, more piano than clarinet or sax.

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Tags : Alan Greenspan Quotes , Play Quotes , Piano Quotes

No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.

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Tags : Alan Greenspan Quotes , Long Quotes , Risk Quotes

Regulators have not been able to achieve the level of future clarity required to act pre-emptively. The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so...

5 years ago

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Tags : Alan Greenspan Quotes , Ignorance Quotes , Reality Quotes

Significantly opening up immigration to skilled workers solves two problems. The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.

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Tags : Alan Greenspan Quotes , Two Quotes , Opening Up 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

I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.

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Tags : Alan Greenspan Quotes , Real Quotes , Long Quotes

Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I'm only half joking

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Tags : Alan Greenspan Quotes , Office Quotes , President Quotes

The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that's likely to change for the better.

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Tags : Alan Greenspan Quotes , Numbers Quotes , Needs Quotes

Regulation - which is based on force and fear - undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.

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Tags : Alan Greenspan Quotes , Regulation Quotes , Moral 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

Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.

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Tags : Alan Greenspan Quotes , Regulation Quotes , Derivatives 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

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Tags : Alan Greenspan Quotes , Lying Quotes , Moving Quotes

Indeed, better risk management may be the only truly necessary element of success in banking.

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Tags : Alan Greenspan Quotes , Risk Quotes , Banking Quotes