Alan Greenspan Quotes

On this page you can find the TOP of Alan Greenspan's best quotes! We hope you will find some sayings from Economist Alan Greenspan's in our collection, which will inspire you to new achievements! There are currently 143 quotes on this page collected since March 6, 1926! Share our collection of quotes with your friends on social media so that they can find something to inspire them!
  • Revolutions are something you see only in retrospect.

  • The tub helps me relax, and it's a great place to read.

    Source: www.today.com
  • As long as we issue fiat currency, I see no alternative to a legal tender law.

  • 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.

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

    Source: www.today.com
  • If you think you understand what I am saying you do not understand what I am saying.

  • I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.

  • I don't think it's possible for the Fed to end its easy-money policies in a trouble-free manner. Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets, so there is no reason to suspect that the actual process of boosting rates would be any different. I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.

  • I'm a better economist than I was a sax player.

    Source: www.today.com
  • The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that's likely to change for the better.

  • Amateurs want to be right. Professionals want to make money.

  • 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.

  • In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.

    "Fed chief sparks US rally" by Jane Martinson, www.theguardian.com. December 5, 2000.
  • 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.

    "Greenspan’s Testimony: Will the ‘Maestro’ Face the Music?" by Richard (RJ) Eskow, www.huffingtonpost.com. June 5, 2010.
  • 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.

    "Remarks by Chairman Alan Greenspan". Alan Greenspan's commencement address at Harvard University in Cambridge, Massachusetts, www.federalreserve.gov. June 10, 1999.
  • The arts develop skills and habits of mind that are important for workers in the new economy of ideas.

  • 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.

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

    "Quote of the Day – 10.23.08" by Kevin Drum, www.motherjones.com. October 24, 2008.
  • I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.

  • It is decidedly not true that "nice guys finish last," as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.

    "Maintaining Economic Vitality". Remarks by Chairman Alan Greenspan, www.federalreserve.gov. September 8, 1999.
  • Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of that stuff.

    "Alan Greenspan vs. Naomi Klein on the Iraq War, Bush’s Tax Cuts, Economic Populism, Crony Capitalism and More". "Democracy Now!" with Amy Goodman, www.democracynow.org. September 24, 2007.
  • 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.

  • We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.

    Alan Greenspan (2008). “The Age of Turbulence: Adventures in a New World”, p.177, Penguin
  • 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.

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

    Choices  
  • I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically -- I should say, fully -- hedged.

    "Taking Hard New Look at a Greenspan Legacy" by Peter S. Goodman, www.nytimes.com. October 8, 2008.
  • Gold, unlike all other commodities, is a currency...and the major thrust in the demand for gold is not for jewelry. It's not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.

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

  • Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity. Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.

  • Deficit spending is simply a scheme for the confiscation of wealth.

    "Gold and Economic Freedom" by Alan Greenspan, www.constitution.org. 1966.
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We hope you have found the saying you were looking for in our collection! At the moment, we have collected 143 quotes from the Economist Alan Greenspan, starting from March 6, 1926! We periodically replenish our collection so that visitors of our website can always find inspirational quotes by authors from all over the world! Come back to us again!

Alan Greenspan

  • Born: March 6, 1926
  • Occupation: Economist