The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.
ALAN GREENSPANThe guiding purpose of the government regulator is to prevent rather than to create something.
More Alan Greenspan Quotes
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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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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 arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
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Senator, if I seem clear to you, you must have misunderstood me’.
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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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There are no easy choices. Easy choices are long gone.
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I’m a plain soap kind of guy.
ALAN GREENSPAN -
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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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.
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Market financed withdrawals of home equity in recent years.
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And the percentage changes in wage rates would be the same for all job grades.
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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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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
ALAN GREENSPAN -
Whatever you tax you get less of.
ALAN GREENSPAN