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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.

Alan Greenspan

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The number one problem in today’s generation and economy is the lack of financial literacy.

ALAN GREENSPAN

The number one problem in today’s generation and economy is the lack of financial literacy.
ALAN GREENSPAN

Economy Financial Literacy Number Today
We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
ALAN GREENSPAN

Guarantee Like Purchase
I have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.

ALAN GREENSPAN

I have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
ALAN GREENSPAN

Other Some Table Throw
What an ideology is is a conceptual framework with the way people deal with reality.
ALAN GREENSPAN

Conceptual Del Framework Ideology
Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.

ALAN GREENSPAN

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
ALAN GREENSPAN

Foreigner Protectionism Retaliate Surely
If prices go down, we will have problems – problems in the sense of spillover to other areas.

ALAN GREENSPAN

If prices go down, we will have problems – problems in the sense of spillover to other areas.
ALAN GREENSPAN

Area Other Spillover
Gold stands in the way of this insidious process. It stands as a protector of property rights.

ALAN GREENSPAN

Gold stands in the way of this insidious process. It stands as a protector of property rights.
ALAN GREENSPAN

Insidious Property Protector Way
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
If I seem unduly clear to you, you must have misunderstood what I said.
ALAN GREENSPAN

Misunderstood Must Said Seen Unduly
They seem to sense… that gold and economic freedom are inseparable.
ALAN GREENSPAN

Economic Inseparable See
It signals problems with respect to currency markets. Central banks should pay attention to it.
ALAN GREENSPAN

Bank Central Currency Signal
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?

ALAN GREENSPAN

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?
ALAN GREENSPAN

Escalate Exuberance Irrational Unduly
If you think you understand what I am saying you do not understand what I am saying.

ALAN GREENSPAN

If you think you understand what I am saying you do not understand what I am saying.
ALAN GREENSPAN

Say Think
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
There are no easy choices. Easy choices are long gone.

ALAN GREENSPAN

There are no easy choices. Easy choices are long gone.
ALAN GREENSPAN

Easy Gone Long No
Rules cannot take the place of character.

ALAN GREENSPAN

Rules cannot take the place of character.
ALAN GREENSPAN

[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.

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More Alan Greenspan Quotes