Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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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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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The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
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What an ideology is is a conceptual framework with the way people deal with reality.
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I’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.
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The tub helps me relax, and it’s a great place to read.
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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.
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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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The guiding purpose of the government regulator is to prevent rather than to create something.
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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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But rules cannot substitute for character.
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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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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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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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These days, even out of office, I still read economic reports.
ALAN GREENSPAN






