Greenspan, who knew so much more than most, knew far less than most supposed.
ALAN GREENSPANUnfortunately, Senator, nobody knows where the next innovative idea is coming from.
More Alan Greenspan Quotes
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Whatever you tax you get less of.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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I have long argued that paying down the national debt is beneficial for the economy.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
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While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
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If I’ve made myself clear, I’ve misspoken.
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I’m a plain soap kind of guy.
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The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.
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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
ALAN GREENSPAN






