Whatever you tax you get less of.
ALAN GREENSPANWe can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
More Alan Greenspan Quotes
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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.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
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There is no evidence that the business cycle has been repealed.
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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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How do we know when irrational exuberance has unduly escalated asset values?
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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
ALAN GREENSPAN






