Alan Greenspan Quotes, Player Quotes

I'm a better economist than I was a sax player.

5 years ago

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But rules cannot substitute for character.

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

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Tags : Alan Greenspan Quotes , Money Quotes , Gold 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.

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Tags : Alan Greenspan Quotes , Bells Quotes , May Quotes

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

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Tags : Alan Greenspan Quotes , Financial Quotes , Problem 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.

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Tags : Alan Greenspan Quotes , Misunderstood Quotes , Bankers 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.

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Tags : Alan Greenspan Quotes , Optimism Quotes , Imbalance 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

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

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Tags : Alan Greenspan Quotes , Cutting Quotes , Thinking Quotes

The number one problem in today's generation and economy is the lack of financial literacy.

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Tags : Alan Greenspan Quotes , Numbers Quotes , Generations Quotes

It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making

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Tags : Alan Greenspan Quotes , Success Quotes , Business 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

By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.

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Tags : Alan Greenspan Quotes , Past Quotes , Expansion Quotes

A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years.

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Tags : Alan Greenspan Quotes , Home Quotes , Years 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

The free lunch has still to be invented.

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Tags : Alan Greenspan Quotes , Lunch Quotes , Stills Quotes

It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade. The worst have failed; investors no longer fund them and are not likely to in the future.

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Tags : Alan Greenspan Quotes , Business Quotes , Past Quotes

We will have more crises and none of them will look like this because no two crises have anything in common except human nature.

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Tags : Alan Greenspan Quotes , Two Quotes , Looks Quotes

I love facts and figures. It's like following a detective story, piecing together what's going on in the economy.

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Tags : Alan Greenspan Quotes , Together Quotes , Stories Quotes

People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward. The number of mistakes I have made are just awesome. There is no number large enough to account for that.

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Tags : Alan Greenspan Quotes , Mistake Quotes , Successful Quotes