I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
ALAN GREENSPANThe guiding purpose of the government regulator is to prevent rather than to create something.
More Alan Greenspan Quotes
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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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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Rules cannot take the place of character.
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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.
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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’m a plain soap kind of guy.
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If we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.
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In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
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Market financed withdrawals of home equity in recent years.
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Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
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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 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.
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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
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Gold still represents the ultimate form of payment in the world.
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The Iraq War is largely about oil.
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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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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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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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Senator, if I seem clear to you, you must have misunderstood me’.
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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
ALAN GREENSPAN