Alan Greenspan Quotes, Political Quotes, Growth Quotes

All taxes are a drag on economic growth. It's only a question of degree.

5 years ago

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Tags : Alan Greenspan Quotes , Political Quotes , Growth 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.

5 years ago

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Tags : Alan Greenspan Quotes , Self Quotes , Size 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

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Tags : Alan Greenspan Quotes , Ignorance Quotes , Reality Quotes

If we are to remain preeminent in transforming knowledge into economic value, America's system of higher education must remain the world's leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.

5 years ago

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Tags : Alan Greenspan Quotes , Teaching Quotes , Economic Value 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

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Tags : Alan Greenspan Quotes , Past Quotes , Expansion Quotes

As long as we issue fiat currency, I see no alternative to a legal tender law.

5 years ago

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Tags : Alan Greenspan Quotes , Money Quotes , Law Quotes

I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I'm running into the tyranny of zero, which is where you can't reduce (the debt) any more

5 years ago

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Tags : Alan Greenspan Quotes , Running Quotes , Zero 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

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Tags : Alan Greenspan Quotes , Gold Quotes , Paper Quotes

I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.

5 years ago

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Tags : Alan Greenspan Quotes , Success Quotes , Honesty Quotes

Excessive optimism sows the seeds of its own reversal.

5 years ago

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Tags : Alan Greenspan Quotes , Optimism Quotes , Reversal Quotes

I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.

5 years ago

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Tags : Alan Greenspan Quotes , Realization Quotes , Starks Quotes

Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. 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?

5 years ago

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Tags : Alan Greenspan Quotes , Past Quotes , Japan Quotes

In general, corruption tends to exist whenever governments have favors to extend, or something to sell.

5 years ago

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Tags : Alan Greenspan Quotes , Government Quotes , Favors Quotes

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.

5 years ago

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Tags : Alan Greenspan Quotes , Money Quotes , Rights 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.

5 years ago

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Tags : Alan Greenspan Quotes , Life Quotes , Success 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.

5 years ago

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Tags : Alan Greenspan Quotes , Gains Quotes , Action 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

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Tags : Alan Greenspan Quotes , Mean Quotes , Cutting 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

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Tags : Alan Greenspan Quotes , Real Quotes , Thinking Quotes

What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn't be taking it to those who are willing to and are capable of doing so.

5 years ago

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Tags : Alan Greenspan Quotes , Business Quotes , Years Quotes

If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.

5 years ago

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Tags : Alan Greenspan Quotes , Political Quotes , Groups Quotes