There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
ALAN GREENSPANThe process of innovation is, of course, never ending.
More Alan Greenspan Quotes
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
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Deficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
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These days, even out of office, I still read economic reports.
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
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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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Amateurs want to be right. Professionals want to make money.
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If I seem unduly clear to you, you must have misunderstood what I said.
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The tub helps me relax, and it’s a great place to read.
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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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The need for values is inbred. Their content is not.
ALAN GREENSPAN






