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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.

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Country Crise Current End Financial Most Retrospect Since War Wrench

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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.
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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I’m a better economist than I was a sax player.
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Better Economist Player
The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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If I say something which you understand fully in this regard, I probably made a mistake.
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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
ALAN GREENSPAN

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But material success is possible in this world and far more satisfying when it comes without exploiting others.
ALAN GREENSPAN

Come Exploit Material Other Possible Satisfy Success
I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
ALAN GREENSPAN

Always Amaze Day Different Foreign Handle Next Policy Politics Subject Wife
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

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Credit-default swaps, I think, have serious problems associated with them.
ALAN GREENSPAN

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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
ALAN GREENSPAN

Economy Extraordinary Flexible Foster Increase Shock
People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward.
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I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
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Anything that we can do to raise personal savings is very much in the interest of this country.
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Anything Country Interest Much Personal Raise Say
Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
ALAN GREENSPAN

Create Foreigner Job Little Lose Protectionism Retaliate Surely

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