Alan Greenspan Quotes, Mean Quotes, Cutting Quotes

I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.

6 years ago

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Tags : Alan Greenspan Quotes , Mean Quotes , Cutting Quotes

We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.

6 years ago

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Tags : Alan Greenspan Quotes , Bells Quotes , May Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Money Quotes , Gold Quotes

When trust is lost, a nation's ability to transact business is palpably undermined.

6 years ago

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Tags : Alan Greenspan Quotes , Lost Quotes , Ability 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.

6 years ago

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Tags : Alan Greenspan Quotes , Diversity Quotes , Imbalance Quotes

Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.

6 years ago

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Tags : Alan Greenspan Quotes , Gold Quotes , World Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Regulation Quotes , Derivatives Quotes

In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.

6 years ago

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Tags : Alan Greenspan Quotes , Momentum Quotes , Financial Quotes

If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.

6 years ago

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Tags : Alan Greenspan Quotes , Gains Quotes , Action Quotes

There are no easy choices. Easy choices are long gone.

6 years ago

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Tags : Alan Greenspan Quotes , Long Quotes , Choices 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.

6 years ago

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Tags : Alan Greenspan Quotes , Misunderstood Quotes , Bankers Quotes

These days, even out of office, I still read economic reports.

6 years ago

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Tags : Alan Greenspan Quotes , Office Quotes , Economic Quotes

The guiding purpose of the government regulator is to prevent rather than to create something.

6 years ago

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Tags : Alan Greenspan Quotes , Government Quotes , Purpose Quotes

Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices. It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.

6 years ago

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Tags : Alan Greenspan Quotes , Integrity Quotes , Self Esteem Quotes

I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.

6 years ago

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Tags : Alan Greenspan Quotes , Talking Quotes , Today Quotes

The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.

6 years ago

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Tags : Alan Greenspan Quotes , Years Quotes , Important Quotes

We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.

6 years ago

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Tags : Alan Greenspan Quotes , Jobs Quotes , Real Quotes

History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

6 years ago

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Tags : Alan Greenspan Quotes , Risk Quotes , Aftermath Quotes

Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.

6 years ago

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Tags : Alan Greenspan Quotes , Stress Quotes , Use Quotes

What an ideology is is a conceptual framework with the way people deal with reality. Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.

6 years ago

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Tags : Alan Greenspan Quotes , Reality Quotes , People Quotes