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Alan Greenspan Quotes

Deficit spending is simply a scheme for the confiscation of wealth Picture Quote #1

Productivity is notoriously difficult to predict Picture Quote #1

I’m a better economist than I was a sax player Picture Quote #1

The tub helps me relax, and it’s a great place to read Picture Quote #1

Any informed borrower is simply less vulnerable to fraud and abuse Picture Quote #1

Whatever you tax you get less of Picture Quote #1

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The need for values is inbred. Their content is not Picture Quote #1

The process of innovation is, of course, never ending Picture Quote #1

Amateurs want to be right. Professionals want to make money Picture Quote #1

Rules cannot take the place of character Picture Quote #1

Revolutions are something you see only in retrospect Picture Quote #1

I really didn’t get it until very late in 2005 and 2006 Picture Quote #1

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We had a bubble in housing Picture Quote #1

To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills Picture Quote #1

We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real Picture Quote #1

Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern Picture Quote #1

By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives Picture Quote #1

Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities Picture Quote #1

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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 Picture Quote #1

I’ve been in and out of Wall Street since 1949, and I’ve never seen the type of animosity between government and Wall Street. And I’m not sure where it comes from, but I suspect it’s got to do with a general schism in this society which is really becoming ever more destructive Picture Quote #1

Before I met Ayn Rand, I was a logical positivist, and accordingly, I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

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It’s a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can Picture Quote #1

If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries Picture Quote #1

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 Picture Quote #1

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 Picture Quote #1

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. So I made an economic decision, and it turned out the best judgment I ever made in my life Picture Quote #1

I always believed in animal spirits. It’s not their existence that is new. It’s the fact that they are not random events, but actually replicate in-bred qualities of human nature which create those animal spirits Picture Quote #1

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Friendship Quotes

Motivational Quotes

Inspirational Quotes

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Text Quotes

Deficit spending is simply a scheme for the confiscation of wealth (Alan Greenspan Quotes) Productivity is notoriously difficult to predict (Alan Greenspan Quotes) I’m a better economist than I was a sax player (Alan Greenspan Quotes) The tub helps me relax, and it’s a great place to read (Alan Greenspan Quotes) Any informed borrower is simply less vulnerable to fraud and abuse (Alan Greenspan Quotes) Whatever you tax you get less of (Alan Greenspan Quotes) The need for values is inbred. Their content is not (Alan Greenspan Quotes) The process of innovation is, of course, never ending (Alan Greenspan Quotes) Amateurs want to be right. Professionals want to make money (Alan Greenspan Quotes) Rules cannot take the place of character (Alan Greenspan Quotes) Revolutions are something you see only in retrospect (Alan Greenspan Quotes) I really didn’t get it until very late in 2005 and 2006 (Alan Greenspan Quotes) We had a bubble in housing (Alan Greenspan Quotes) To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills (Alan Greenspan Quotes) We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real (Alan Greenspan Quotes) Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern (Alan Greenspan Quotes) By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives (Alan Greenspan Quotes) Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities (Alan Greenspan 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 (Alan Greenspan Quotes) I’ve been in and out of Wall Street since 1949, and I’ve never seen the type of animosity between government and Wall Street. And I’m not sure where it comes from, but I suspect it’s got to do with a general schism in this society which is really becoming ever more destructive (Alan Greenspan Quotes) Before I met Ayn Rand, I was a logical positivist, and accordingly, I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit (Alan Greenspan 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 (Alan Greenspan 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 (Alan Greenspan Quotes) 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 (Alan Greenspan Quotes) It’s a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can (Alan Greenspan Quotes) If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries (Alan Greenspan 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 (Alan Greenspan 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 (Alan Greenspan 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. So I made an economic decision, and it turned out the best judgment I ever made in my life. (Alan Greenspan Quotes) I always believed in animal spirits. It’s not their existence that is new. It’s the fact that they are not random events, but actually replicate in-bred qualities of human nature which create those animal spirits. (Alan Greenspan Quotes)

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