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.

ALAN GREENSPAN

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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.

Alan Greenspan

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.
ALAN GREENSPAN

Economic Preeminent
We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures.
ALAN GREENSPAN

Being Central Century Midst Once REquired Tsunami
You can’t have the capitalist system if an increasing number of people think it is unjust.

ALAN GREENSPAN

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

Capitalist Increase Number System Unjust
Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.

ALAN GREENSPAN

Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
ALAN GREENSPAN

Commodity Currency Jewelry Thrust Unlike
Rules cannot take the place of character.

ALAN GREENSPAN

Rules cannot take the place of character.
ALAN GREENSPAN
Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
ALAN GREENSPAN

Consensus Cut Fiscal Irresponsible Tax Trigger
Indeed, better risk management may be the only truly necessary element of success in banking.

ALAN GREENSPAN

Indeed, better risk management may be the only truly necessary element of success in banking.
ALAN GREENSPAN

Bank Indeed Only Truly
Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
ALAN GREENSPAN

Capitalism Crony Essentially
Any informed borrower is simply less vulnerable to fraud and abuse.
ALAN GREENSPAN

Borrower Inform Less Simply Vulnerable
Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.

ALAN GREENSPAN

Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.
ALAN GREENSPAN

Another Commodity Counterparty Derivative Often Restrict Supply Trade
We will have more crises and none of them will look like this because no two crises have anything in common except human nature.

ALAN GREENSPAN

We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
ALAN GREENSPAN

Anything Crise Like
I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
ALAN GREENSPAN

All Argue Benefited Draw Immensely Over
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.

ALAN GREENSPAN

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.
ALAN GREENSPAN

Cannot Cut Deficit Economy Overdo Overdue Political Realistic
We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.

ALAN GREENSPAN

We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
ALAN GREENSPAN

Box Fund Lock Make Phantom Real
The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
ALAN GREENSPAN

Economy Flexible Foster Increase Shock
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.

ALAN GREENSPAN

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.
ALAN GREENSPAN

Context Mean Thermometer Underlying

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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