Alan Greenspan Quotes, Government Quotes, Support 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Government Quotes , Support 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

Message Copied

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

If we are to remain preeminent in transforming knowledge into economic value, America's system of higher education must remain the world's leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Teaching Quotes , Economic Value Quotes

It's hard to overemphasize how important Ford's deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first. Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Years Quotes , Creative 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Business Quotes , Past 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

Message Copied

Tags : Alan Greenspan Quotes , Ignorance Quotes , Reality 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Two Quotes , Looks Quotes

I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Realization Quotes , Starks Quotes

Institutions of the newer participants in global finance had not been tested, until recently...recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Running Quotes , Financial Quotes

I'm a plain soap kind of guy.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Guy Quotes , Soap 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Clouds Quotes , Numbers 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Resilience Quotes , Fiscal Policy 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Regulation Quotes , Moral Quotes

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

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Long Quotes , Choices 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Zero Quotes , United States Quotes

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

5 years ago

Message Copied

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

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

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Cutting Quotes , Thinking 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Life Quotes , Success Quotes

The free lunch has still to be invented.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Lunch Quotes , Stills 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

Message Copied

Tags : Alan Greenspan Quotes , Bells Quotes , May Quotes