There is no evidence that the business cycle has been repealed.
ALAN GREENSPANWhat an ideology is is a conceptual framework with the way people deal with reality.
More Alan Greenspan Quotes
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The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
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Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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The process of innovation is, of course, never ending.
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The need for values is inbred. Their content is not.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
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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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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
ALAN GREENSPAN






