Alan Greenspan Quotes, Mistake Quotes, Self 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Mistake Quotes , Self Quotes

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

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Success Quotes , Money 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

There is no evidence that the business cycle has been repealed.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

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

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Office Quotes , Economic Quotes

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

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Risk Quotes , Aftermath 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

Message Copied

Tags : Alan Greenspan Quotes , Gains Quotes , Action Quotes

The need for values is inbred. Their content is not.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Needs Quotes , Inbreds 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Integrity Quotes , Arbitrary Quotes

I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Success Quotes , New York 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

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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Fall Quotes , Looks Quotes

At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable, and the percentage changes in wage rates would be the same for all job grades.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Jobs Quotes , Skills 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

Message Copied

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

I love facts and figures. It's like following a detective story, piecing together what's going on in the economy.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Together Quotes , Stories Quotes

You can't have the capitalist system if an increasing number of people think it is unjust.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Thinking Quotes , Numbers 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

Message Copied

Tags : Alan Greenspan Quotes , Fun Quotes , Team Quotes

I have one other issue I'd like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here. If we are dealing with psychology, then the thermometers one uses to measure it have an effect. I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market. There's an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Issues Quotes , Interesting Quotes

Significantly opening up immigration to skilled workers solves two problems. The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Two Quotes , Opening Up Quotes

...our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Trust Quotes , Business Quotes