Alan Greenspan Quotes, Risk Quotes, Banking 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

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

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Tags : Alan Greenspan Quotes , Long Quotes , Choices Quotes

Productivity is notoriously difficult to predict.

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

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Tags : Alan Greenspan Quotes , Risk Quotes , Aftermath Quotes

Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.

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Tags : Alan Greenspan Quotes , Government Quotes , Support 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.

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Tags : Alan Greenspan Quotes , Dark Quotes , Giving 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.

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Tags : Alan Greenspan Quotes , Happiness Quotes , Careers Quotes

The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.

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Tags : Alan Greenspan Quotes , Long Quotes , Debt Quotes

And whatever their publicized angst over Saddam Hussein's 'weapons of mass destruction,' American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy. I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.

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Tags : Alan Greenspan Quotes , War Quotes , Mass Destruction Quotes

There is no evidence that the business cycle has been repealed.

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

How do we know when irrational exuberance has unduly escalated asset values?

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Tags : Alan Greenspan Quotes , Memorable Quotes , Assets 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.

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Tags : Alan Greenspan Quotes , Gains Quotes , Action 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

If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.

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Tags : Alan Greenspan Quotes , Political Quotes , Groups Quotes

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

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Tags : Alan Greenspan Quotes , Lost Quotes , Ability Quotes

Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my view is I don't think we can play subtle policy here.

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Tags : Alan Greenspan Quotes , Cutting Quotes , Thinking Quotes

If I've made myself clear, I've misspoken.

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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.

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Tags : Alan Greenspan Quotes , Believe Quotes , Facts 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

At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable, and the percentage changes in wage rates would be the same for all job grades.

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Tags : Alan Greenspan Quotes , Jobs Quotes , Skills Quotes