I have long argued that paying down the national debt is beneficial for the economy.
ALAN GREENSPANWe cannot rule out a situation in which a preemptive policy tightening becomes necessary.
More Alan Greenspan Quotes
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The number one problem in today’s generation and economy is the lack of financial literacy.
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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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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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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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The need for values is inbred. Their content is not.
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I have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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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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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
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Whatever you tax you get less of.
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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
ALAN GREENSPAN






