Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
ALAN GREENSPANThe process of innovation is, of course, never ending.
More Alan Greenspan Quotes
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Rules cannot take the place of character.
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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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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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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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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.
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Revolutions are something you see only in retrospect.
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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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But rules cannot substitute for character.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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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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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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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.
ALAN GREENSPAN