Alan Greenspan Quotes, Lying Quotes, Moving Quotes

Senator, we are groping for understanding, the knowledge you assume I possess doesn't exist' - 'The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills' - 'Senator, if I seem clear to you, you must have misunderstood me' - 'Unfortunately, Senator, nobody knows where the next innovative idea is coming from. Political decisions are never random and will always lose out to innovative alternatives

6 years ago

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Tags : Alan Greenspan Quotes , Lying Quotes , Moving Quotes

History cannot be reduced to a set of statistics and probabilities.

6 years ago

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Tags : Alan Greenspan Quotes , Statistics Quotes

I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically -- I should say, fully -- hedged.

6 years ago

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Tags : Alan Greenspan Quotes , Believe Quotes , Risk Quotes

Without calling the overall national issue a bubble, it's pretty clear that it's an unsustainable underlying pattern.

6 years ago

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Tags : Alan Greenspan Quotes , Issues Quotes , Calling Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Money Quotes , Gold Quotes

But rules cannot substitute for character.

6 years ago

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Tags : Alan Greenspan Quotes , Character Quotes

I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.

6 years ago

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Tags : Alan Greenspan Quotes , Talking Quotes , Today Quotes

It is decidedly not true that "nice guys finish last," as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.

6 years ago

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Tags : Alan Greenspan Quotes , Life Quotes , Success Quotes

Now, I only play very occasionally, and in fact, more piano than clarinet or sax.

6 years ago

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Tags : Alan Greenspan Quotes , Play Quotes , Piano 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

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

Productivity is notoriously difficult to predict.

6 years ago

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Tags : Alan Greenspan Quotes , Difficult Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Financial Quotes , Problem Quotes

The Iraq War is largely about oil.

6 years ago

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Tags : Alan Greenspan Quotes , War Quotes , Oil Quotes

I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.

6 years ago

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Tags : Alan Greenspan Quotes , Average Quotes , Musician Quotes

I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.

6 years ago

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Tags : Alan Greenspan Quotes , Mistake Quotes , Self Quotes

Revolutions are something you see only in retrospect.

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Tags : Alan Greenspan Quotes , Retrospect Quotes

I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives. But material success is possible in this world and far more satisfying when it comes without exploiting others.

6 years ago

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Tags : Alan Greenspan Quotes , Life Quotes , Success 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

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.

6 years ago

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Tags : Alan Greenspan Quotes , Cutting Quotes , Thinking Quotes