Alan Greenspan Quotes, Regulation Quotes, Moral 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

All taxes are a drag on economic growth. It's only a question of degree.

6 years ago

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Tags : Alan Greenspan Quotes , Political Quotes , Growth Quotes

It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making

6 years ago

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Tags : Alan Greenspan Quotes , Success Quotes , Business 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

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.

6 years ago

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Tags : Alan Greenspan Quotes , Safety 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.

6 years ago

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Tags : Alan Greenspan Quotes , Reality Quotes , People Quotes

What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn't be taking it to those who are willing to and are capable of doing so.

6 years ago

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Tags : Alan Greenspan Quotes , Business Quotes , Years Quotes

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

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Tags : Alan Greenspan Quotes , Years Quotes , Important 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

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

6 years ago

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Tags : Alan Greenspan Quotes , Long Quotes , Choices Quotes

These days, even out of office, I still read economic reports.

6 years ago

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Tags : Alan Greenspan Quotes , Office Quotes , Economic Quotes

To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills.

6 years ago

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Tags : Alan Greenspan Quotes , Success Quotes , Education Quotes

People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward. The number of mistakes I have made are just awesome. There is no number large enough to account for that.

6 years ago

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Tags : Alan Greenspan Quotes , Mistake Quotes , Successful Quotes

Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.

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Tags : Alan Greenspan Quotes , Clouds Quotes , Numbers Quotes

I'm a plain soap kind of guy.

6 years ago

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Tags : Alan Greenspan Quotes , Guy Quotes , Soap 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.

6 years ago

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Tags : Alan Greenspan Quotes , Mean Quotes , Rights Quotes

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

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Tags : Alan Greenspan Quotes , Regulation Quotes , Derivatives Quotes

Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices, ... This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.

6 years ago

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Tags : Alan Greenspan Quotes , Risk Quotes , Aftermath Quotes

Credit-default swaps, I think, have serious problems associated with them.

6 years ago

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Tags : Alan Greenspan Quotes , Thinking Quotes , Credit 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.

6 years ago

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Tags : Alan Greenspan Quotes , Political Quotes , Groups Quotes