American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
ALAN GREENSPANI must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more
More Alan Greenspan Quotes
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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There is no evidence that the business cycle has been repealed.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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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.
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History cannot be reduced to a set of statistics and probabilities.
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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.
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Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices.
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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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I have long argued that paying down the national debt is beneficial for the economy.
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I’m only half joking
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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The need for values is inbred. Their content is not.
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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.
ALAN GREENSPAN