If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
ALAN GREENSPANAs long as we issue fiat currency, I see no alternative to a legal tender law.
More Alan Greenspan Quotes
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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Derivatives have permitted the unbundling of financial risks.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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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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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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If I say something which you understand fully in this regard, I probably made a mistake.
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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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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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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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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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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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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
ALAN GREENSPAN