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  • Alan Greenspan Quotes   143
  • 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.
  • 5 years ago



    Tags : Alan Greenspan Quotes , War Quotes , Mass Destruction Quotes
  • Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank... need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path. They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
  • 5 years ago



    Tags : Alan Greenspan Quotes , Keys Quotes , Incomplete Knowledge Quotes
  • I don't think it's possible for the Fed to end its easy-money policies in a trouble-free manner. Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets, so there is no reason to suspect that the actual process of boosting rates would be any different. I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
  • 5 years ago



    Tags : Alan Greenspan Quotes , Real Quotes , Thinking 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.
  • 5 years ago



    Tags : Alan Greenspan Quotes , Real Quotes , Long Quotes
  • This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets. Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
  • 5 years ago



    Tags : Alan Greenspan Quotes , People Quotes , Abnormal 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.
  • 5 years ago



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