All taxes are a drag on economic growth. It’s only a question of degree.
ALAN GREENSPANFear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
More Alan Greenspan Quotes
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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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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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If you think you understand what I am saying you do not understand what I am saying.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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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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It signals problems with respect to currency markets. Central banks should pay attention to it.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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Market financed withdrawals of home equity in recent years.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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It keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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The process of innovation is, of course, never ending.
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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.
ALAN GREENSPAN






