Alan Greenspan Quotes, Integrity Quotes, Arbitrary 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

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

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

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

6 years ago

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Tags : Alan Greenspan Quotes , Innovation Quotes , Process Quotes

Any informed borrower is simply less vulnerable to fraud and abuse.

6 years ago

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Tags : Alan Greenspan Quotes , Success Quotes , Money Quotes

The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.

6 years ago

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Tags : Alan Greenspan Quotes , Successful Quotes , Coins 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

Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.

6 years ago

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Tags : Alan Greenspan Quotes , Resilience Quotes , Fiscal Policy 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

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Tags : Alan Greenspan Quotes , Happiness Quotes , Careers 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

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Tags : Alan Greenspan Quotes , Gains Quotes , Action Quotes

Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.

6 years ago

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Tags : Alan Greenspan Quotes , Dark Quotes , Giving Quotes

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

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Tags : Alan Greenspan Quotes , Want Quotes

If I say something which you understand fully in this regard, I probably made a mistake.

6 years ago

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Tags : Alan Greenspan Quotes , Mistake Quotes , Made Quotes

History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

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Tags : Alan Greenspan Quotes , Risk Quotes , Aftermath Quotes

Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.

6 years ago

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Tags : Alan Greenspan Quotes , Cutting Quotes , Thinking Quotes

Productivity is notoriously difficult to predict.

6 years ago

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Tags : Alan Greenspan Quotes , Difficult Quotes

I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.

6 years ago

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Tags : Alan Greenspan Quotes , Average Quotes , Musician Quotes

The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.

6 years ago

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Tags : Alan Greenspan Quotes , Zero Quotes , United States 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

History demonstrates that participants in financial markets are susceptible to waves of optimism. Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.

6 years ago

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Tags : Alan Greenspan Quotes , Optimism Quotes , Imbalance Quotes

There is no evidence that the business cycle has been repealed.

6 years ago

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Tags : Alan Greenspan Quotes , Evidence Quotes , Has Beens Quotes