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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

The number one problem in today’s generation and economy is the lack of financial literacy.
ALAN GREENSPAN

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At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable.
ALAN GREENSPAN

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As long as we issue fiat currency, I see no alternative to a legal tender law.
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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.
ALAN GREENSPAN

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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
ALAN GREENSPAN

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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

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Gold stands in the way of this insidious process. It stands as a protector of property rights.
ALAN GREENSPAN

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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
ALAN GREENSPAN

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Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
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Productivity is notoriously difficult to predict.
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Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.
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It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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The need for values is inbred. Their content is not.
ALAN GREENSPAN

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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: ].
ALAN GREENSPAN

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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.
ALAN GREENSPAN

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Anything that we can do to raise personal savings is very much in the interest of this country.
ALAN GREENSPAN

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