Alan Greenspan Quotes, Resilience Quotes, Fiscal Policy Quotes

Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.

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Tags : Alan Greenspan Quotes , Resilience Quotes , Fiscal Policy Quotes

Indeed, better risk management may be the only truly necessary element of success in banking.

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Tags : Alan Greenspan Quotes , Risk Quotes , Banking Quotes

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

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Tags : Alan Greenspan Quotes , Long Quotes , Choices 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

Excessive optimism sows the seeds of its own reversal.

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Tags : Alan Greenspan Quotes , Optimism Quotes , Reversal 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.

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Tags : Alan Greenspan Quotes , Believe Quotes , Facts 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.

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Tags : Alan Greenspan Quotes , Successful Quotes , Stuff Quotes

Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds. Then fear hits, and it comes down very sharply. When I started to look at that, I was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.

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Tags : Alan Greenspan Quotes , Fall Quotes , Looks Quotes

It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade. The worst have failed; investors no longer fund them and are not likely to in the future.

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Tags : Alan Greenspan Quotes , Business Quotes , Past Quotes

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

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Tags : Alan Greenspan Quotes , Statistics 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.

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Tags : Alan Greenspan Quotes , Gold Quotes , Paper Quotes

Revolutions are something you see only in retrospect.

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Tags : Alan Greenspan Quotes , Retrospect 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.

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Tags : Alan Greenspan Quotes , Integrity Quotes , Arbitrary Quotes

The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.

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Tags : Alan Greenspan Quotes , War Quotes , Retrospect Quotes

We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.

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Tags : Alan Greenspan Quotes , Bells Quotes , May 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.

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Tags : Alan Greenspan Quotes , Believe Quotes , Risk 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.

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Tags : Alan Greenspan Quotes , Average Quotes , Musician 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.

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

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Tags : Alan Greenspan Quotes , Political Quotes , Groups Quotes

I'm a plain soap kind of guy.

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Tags : Alan Greenspan Quotes , Guy Quotes , Soap Quotes