Alan Greenspan Quotes, Real Quotes, Long 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.

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Tags : Alan Greenspan Quotes , Real Quotes , Long Quotes

I've always argued that this country has benefited immensely from the fact that we draw people from all over the world.

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Tags : Alan Greenspan Quotes , Country Quotes , People Quotes

The free lunch has still to be invented.

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Tags : Alan Greenspan Quotes , Lunch Quotes , Stills Quotes

Revolutions are something you see only in retrospect.

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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.

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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity. Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.

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Tags : Alan Greenspan Quotes , Fall Quotes , Home Quotes

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

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Tags : Alan Greenspan Quotes , Financial Quotes , Problem Quotes

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

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

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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.

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Tags : Alan Greenspan Quotes , Regulation Quotes , Moral Quotes

Greenspan, who knew so much more than most, knew far less than most supposed.

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Tags : Alan Greenspan Quotes , Ignorance 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.

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Tags : Alan Greenspan Quotes , Two Quotes , Opening Up 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.

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Tags : Alan Greenspan Quotes , Believe Quotes , Thinking Quotes

The guiding purpose of the government regulator is to prevent rather than to create something.

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Tags : Alan Greenspan Quotes , Government Quotes , Purpose 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

If I've made myself clear, I've misspoken.

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Tags : Alan Greenspan Quotes , Made Quotes , Clear Quotes

Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.

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Tags : Alan Greenspan Quotes , Government Quotes , Support 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

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

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.

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Tags : Alan Greenspan Quotes , Mean Quotes , Rights Quotes