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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Mean Quotes , Cutting Quotes

If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Moving Quotes , Together Quotes

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

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Past Quotes , Expansion Quotes

Any informed borrower is simply less vulnerable to fraud and abuse.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Success Quotes , Money Quotes

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

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Risk Quotes , Aftermath 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Jobs Quotes , Real Quotes

Amateurs want to be right. Professionals want to make money.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Want Quotes

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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Believe Quotes , Facts 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Government Quotes , Support 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.

5 years ago

Message Copied

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

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

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Long Quotes , Choices 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...

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Ignorance Quotes , Reality Quotes

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

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Player Quotes

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

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Lost Quotes , Ability Quotes

I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Baseball Quotes , Golf 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Mean Quotes , Rights Quotes

Gold, unlike all other commodities, is a currency...and the major thrust in the demand for gold is not for jewelry. It's not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Gold Quotes , Paper Quotes

You can't have the capitalist system if an increasing number of people think it is unjust.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Thinking Quotes , Numbers 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Successful Quotes , Stuff Quotes

We cannot rule out a situation in which a preemptive policy tightening becomes necessary, ... Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Past Quotes , Years Quotes