Alan Greenspan Quotes, Money Quotes, Law Quotes

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

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Money Quotes , Law 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.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Business Quotes , Past Quotes

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

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Financial Quotes , Problem Quotes

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

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Government Quotes , Favors 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.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Gains Quotes , Action Quotes

Significantly opening up immigration to skilled workers solves two problems. The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Two Quotes , Opening Up 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

Message Copied

Tags : Alan Greenspan Quotes , Country Quotes , School Quotes

We will have more crises and none of them will look like this because no two crises have anything in common except human nature.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Two Quotes , Looks Quotes

I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Real Quotes , Long Quotes

The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Happiness Quotes , Careers Quotes

The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses...While these tendencies were no doubt in train in the "old," pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Past Quotes , Technology 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

Message Copied

Tags : Alan Greenspan Quotes , Regulation Quotes , Moral Quotes

By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Past Quotes , Expansion Quotes

What an ideology is is a conceptual framework with the way people deal with reality. Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Reality Quotes , People 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

Message Copied

Tags : Alan Greenspan Quotes , Mistake Quotes , Self 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.

6 years ago

Message Copied

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

Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , Technology Quotes , Practice 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.

6 years ago

Message Copied

Tags : Alan Greenspan Quotes , War Quotes , Retrospect 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

Message Copied

Tags : Alan Greenspan Quotes , Life Quotes , Success 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

Message Copied

Tags : Alan Greenspan Quotes , Life Quotes , Success Quotes