Alan Greenspan Quotes, Years Quotes, Important 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

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.

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Tags : Alan Greenspan Quotes , Jobs Quotes , Philosophy Quotes

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

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Tags : Alan Greenspan Quotes , Long Quotes , Choices 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.

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Tags : Alan Greenspan Quotes , Regulation Quotes , Moral Quotes

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

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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I'm only half joking

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Tags : Alan Greenspan Quotes , Office Quotes , President Quotes

Whatever you tax you get less of.

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Tags : Alan Greenspan Quotes , Economics Quotes , Economy 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.

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Tags : Alan Greenspan Quotes , Business Quotes , Years 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.

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Tags : Alan Greenspan Quotes , Optimism Quotes , Imbalance 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

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable.

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Tags : Alan Greenspan Quotes , Freedom Quotes , Issues Quotes

I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.

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Tags : Alan Greenspan Quotes , Mistake Quotes , Self 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.

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Tags : Alan Greenspan Quotes , Safety Quotes , Gold Quotes

I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.

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Tags : Alan Greenspan Quotes , Mean Quotes , Cutting Quotes

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

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As long as we issue fiat currency, I see no alternative to a legal tender law.

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Tags : Alan Greenspan Quotes , Money Quotes , Law 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.

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Tags : Alan Greenspan Quotes , Years Quotes , Creative Quotes

Excessive optimism sows the seeds of its own reversal.

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Tags : Alan Greenspan Quotes , Optimism Quotes , Reversal Quotes

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

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Tags : Alan Greenspan Quotes , Thinking Quotes , Credit 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