Alan Greenspan Quotes, Issues Quotes, Interesting Quotes

I have one other issue I'd like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here. If we are dealing with psychology, then the thermometers one uses to measure it have an effect. I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market. There's an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.

6 years ago

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Tags : Alan Greenspan Quotes , Issues Quotes , Interesting Quotes

And whatever their publicized angst over Saddam Hussein's 'weapons of mass destruction,' American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy. I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.

6 years ago

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Tags : Alan Greenspan Quotes , War Quotes , Mass Destruction Quotes

I've been in and out of Wall Street since 1949, and I've never seen the type of animosity between government and Wall Street. And I'm not sure where it comes from, but I suspect it's got to do with a general schism in this society which is really becoming ever more destructive.

6 years ago

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Tags : Alan Greenspan Quotes , Wall Quotes , Government Quotes

The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions... Derivatives have permitted the unbundling of financial risks.

6 years ago

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Tags : Alan Greenspan Quotes , Keys Quotes , Risk 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

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

Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.

6 years ago

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Tags : Alan Greenspan Quotes , Regulation Quotes , Derivatives 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.

6 years ago

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Tags : Alan Greenspan Quotes , Teaching Quotes , Economic Value 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

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

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Tags : Alan Greenspan Quotes , Want 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.

6 years ago

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Tags : Alan Greenspan Quotes , Success Quotes , Honesty Quotes

The process of innovation is, of course, never ending.

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Tags : Alan Greenspan Quotes , Innovation Quotes , Process 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

We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.

6 years ago

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Tags : Alan Greenspan Quotes , Guarantees Quotes , Investing 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

Regulation - which is based on force and fear - undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.

6 years ago

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Tags : Alan Greenspan Quotes , Regulation Quotes , Moral Quotes

How do we know when irrational exuberance has unduly escalated asset values?

6 years ago

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Tags : Alan Greenspan Quotes , Memorable Quotes , Assets Quotes

[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.

6 years ago

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Tags : Alan Greenspan Quotes , Principles Quotes , Republican 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.

6 years ago

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Tags : Alan Greenspan Quotes , Jobs Quotes , Real 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.

6 years ago

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Tags : Alan Greenspan Quotes , Money Quotes , Rights Quotes