Alan Greenspan Quotes, Resilience Quotes, Fiscal Policy 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

We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures. Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity are in a state of shocked disbelief.

6 years ago

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Tags : Alan Greenspan Quotes , Government Quotes , Self 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.

6 years ago

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Tags : Alan Greenspan Quotes , Freedom Quotes , Issues 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

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.

6 years ago

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Tags : Alan Greenspan Quotes , Jobs Quotes , Skills Quotes

Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.

6 years ago

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Tags : Alan Greenspan Quotes , Stress Quotes , Use 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

I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.

6 years ago

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Tags : Alan Greenspan Quotes , Talking Quotes , Today 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

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

6 years ago

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Tags : Alan Greenspan Quotes , Country Quotes , Philosophy 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.

6 years ago

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Tags : Alan Greenspan Quotes , Issues Quotes , Interesting Quotes

The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.

6 years ago

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Tags : Alan Greenspan Quotes , Self Quotes , Size 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

If prices go down, we will have problems - problems in the sense of spillover to other areas.

6 years ago

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Tags : Alan Greenspan Quotes , Financial Quotes , Problem Quotes

This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets. Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.

6 years ago

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Tags : Alan Greenspan Quotes , People Quotes , Abnormal Quotes

If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.

6 years ago

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Tags : Alan Greenspan Quotes , Moving Quotes , Together 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

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

6 years ago

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Tags : Alan Greenspan Quotes , Innovation Quotes , Process Quotes

Greenspan, who knew so much more than most, knew far less than most supposed.

6 years ago

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Tags : Alan Greenspan Quotes , Ignorance Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Thinking Quotes , Numbers Quotes