Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
ALAN GREENSPANBut rules cannot substitute for character.
More Alan Greenspan Quotes
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Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
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Revolutions are something you see only in retrospect.
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We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
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It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.
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Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
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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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I’m a better economist than I was a sax player.
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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable.
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If I’ve made myself clear, I’ve misspoken.
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What an ideology is is a conceptual framework with the way people deal with reality.
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Gold still represents the ultimate form of payment in the world.
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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
ALAN GREENSPAN