Alan Greenspan Quotes, Trust Quotes, Business Quotes

...our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.

6 years ago

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Tags : Alan Greenspan Quotes , Trust Quotes , Business Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Memorable Quotes , Assets Quotes

Anything that we can do to raise personal savings is very much in the interest of this country.

6 years ago

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Tags : Alan Greenspan Quotes , Country Quotes , Philosophy 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

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...

6 years ago

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Tags : Alan Greenspan Quotes , Ignorance Quotes , Reality Quotes

The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.

6 years ago

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Tags : Alan Greenspan Quotes , Self Quotes , Size Quotes

We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.

6 years ago

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Tags : Alan Greenspan Quotes , Guarantees Quotes , Investing 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

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.

6 years ago

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Tags : Alan Greenspan Quotes , Freedom Quotes , Issues Quotes

Revolutions are something you see only in retrospect.

6 years ago

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Tags : Alan Greenspan Quotes , Retrospect Quotes

The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.

6 years ago

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Tags : Alan Greenspan Quotes , Home Quotes , House Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Risk Quotes , Banking Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Made Quotes , Clear 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.

6 years ago

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Tags : Alan Greenspan Quotes , Safety Quotes , Gold Quotes

But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?

6 years ago

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Tags : Alan Greenspan Quotes , Past Quotes , Japan Quotes

The arts develop skills and habits of mind that are important for workers in the new economy of ideas.

6 years ago

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Tags : Alan Greenspan Quotes , Art Quotes , Skills Quotes

Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of that stuff.

6 years ago

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Tags : Alan Greenspan Quotes , Successful Quotes , Stuff Quotes

Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.

6 years ago

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Tags : Alan Greenspan Quotes , Cutting Quotes , Thinking Quotes

Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism. In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals. Eliminating such restrictions would reduce at least some of the income inequality.

6 years ago

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Tags : Alan Greenspan Quotes , America Quotes , Labor Force Quotes

It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.

6 years ago

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Tags : Alan Greenspan Quotes , Imagination Quotes , Able Quotes