Alan Greenspan Quotes, Want Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Want 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.

5 years ago

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Tags : Alan Greenspan Quotes , Successful Quotes , Stuff Quotes

Regulators have not been able to achieve the level of future clarity required to act pre-emptively. The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so...

5 years ago

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Tags : Alan Greenspan Quotes , Ignorance Quotes , Reality Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Guarantees Quotes , Investing Quotes

The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.

5 years ago

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Tags : Alan Greenspan Quotes , Long Quotes , Debt 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.

5 years ago

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Tags : Alan Greenspan Quotes , Country Quotes , School 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.

5 years ago

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Tags : Alan Greenspan Quotes , Bells Quotes , May 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.

5 years ago

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

5 years ago

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Tags : Alan Greenspan Quotes , Gains Quotes , Action Quotes

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

5 years ago

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Tags : Alan Greenspan Quotes , Government Quotes , Favors Quotes

Anything that we can do to raise personal savings is very much in the interest of this country.

5 years ago

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Tags : Alan Greenspan Quotes , Country Quotes , Philosophy 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.

5 years ago

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Tags : Alan Greenspan Quotes , Gold Quotes , Paper 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.

5 years ago

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Tags : Alan Greenspan Quotes , Fun Quotes , Team Quotes

The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.

5 years ago

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Tags : Alan Greenspan Quotes , Years Quotes , Important Quotes

I'm a better economist than I was a sax player.

5 years ago

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Tags : Alan Greenspan Quotes , Player Quotes

Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism. In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals. Eliminating such restrictions would reduce at least some of the income inequality.

5 years ago

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Tags : Alan Greenspan Quotes , America Quotes , Labor Force Quotes

The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.

5 years ago

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Tags : Alan Greenspan Quotes , Self Quotes , Size Quotes

Deficit spending is simply a scheme for the confiscation of wealth.

5 years ago

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Tags : Alan Greenspan Quotes , Money Quotes , Gold 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.

5 years ago

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Tags : Alan Greenspan Quotes , Reality Quotes , People Quotes

The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that's likely to change for the better.

5 years ago

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Tags : Alan Greenspan Quotes , Numbers Quotes , Needs Quotes