Alan Greenspan Quotes, Keys Quotes, Incomplete Knowledge 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.

6 years ago

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Tags : Alan Greenspan Quotes , Keys Quotes , Incomplete Knowledge Quotes

Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.

6 years ago

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Tags : Alan Greenspan Quotes , Stress Quotes , Use Quotes

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

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Tags : Alan Greenspan Quotes , Lost Quotes , Ability 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.

6 years ago

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Tags : Alan Greenspan Quotes , Mean Quotes , Rights 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.

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Tags : Alan Greenspan Quotes , Success Quotes , Honesty Quotes

Excessive optimism sows the seeds of its own reversal.

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Tags : Alan Greenspan Quotes , Optimism Quotes , Reversal Quotes

Well, you probably will always believe there should be laws against fraud, and I don't think there is any need for a law against fraud.

6 years ago

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Tags : Alan Greenspan Quotes , Believe Quotes , Thinking Quotes

Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.

6 years ago

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Tags : Alan Greenspan Quotes , Gold Quotes , Dollars Quotes

I'm always amazed that my wife can handle different subjects - one day politics, the next day foreign policy. And she always has so much fun doing it. We make a good team.

6 years ago

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Tags : Alan Greenspan Quotes , Fun Quotes , Team Quotes

The Iraq War is largely about oil.

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Tags : Alan Greenspan Quotes , War Quotes , Oil Quotes

The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.

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Tags : Alan Greenspan Quotes , Zero Quotes , United States Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Cutting Quotes , Thinking Quotes

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.

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Tags : Alan Greenspan Quotes , Safety Quotes , Gold Quotes

I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.

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Tags : Alan Greenspan Quotes , War Quotes , Oil Quotes

I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.

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Tags : Alan Greenspan Quotes , Easy Quotes , Legislation Quotes

At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable, and the percentage changes in wage rates would be the same for all job grades.

6 years ago

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Tags : Alan Greenspan Quotes , Jobs Quotes , Skills Quotes

We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ] if we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.

6 years ago

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Tags : Alan Greenspan Quotes , Country Quotes , School Quotes

Credit-default swaps, I think, have serious problems associated with them.

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Tags : Alan Greenspan Quotes , Thinking Quotes , Credit Quotes

There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.

6 years ago

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Tags : Alan Greenspan Quotes , Integrity Quotes , Arbitrary Quotes

The need for values is inbred. Their content is not.

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Tags : Alan Greenspan Quotes , Needs Quotes , Inbreds Quotes