Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
ALAN GREENSPANI’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
More Alan Greenspan Quotes
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We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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And the percentage changes in wage rates would be the same for all job grades.
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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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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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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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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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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…
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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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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Any informed borrower is simply less vulnerable to fraud and abuse.
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No one has ever eliminated any of that stuff.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
ALAN GREENSPAN