Amateurs want to be right. Professionals want to make money.

ALAN GREENSPAN

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Amateurs want to be right. Professionals want to make money.

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Bagwalas

I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.

ALAN GREENSPAN

I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.
ALAN GREENSPAN

Cannot Cut Deficit Economy Overdo Overdue Political Realistic
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…

ALAN GREENSPAN

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…
ALAN GREENSPAN

Competitive Economy Mark More Period Productive Recent Transformation
Gold stands in the way of this insidious process. It stands as a protector of property rights.

ALAN GREENSPAN

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

Insidious Property Protector Way
We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.

ALAN GREENSPAN

We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
ALAN GREENSPAN

Box Fund Lock Make Phantom Real
The tub helps me relax, and it’s a great place to read.

ALAN GREENSPAN

The tub helps me relax, and it’s a great place to read.
ALAN GREENSPAN

Read Tub
Before I met Ayn Rand, I was a logical positivist, and accordingly,

ALAN GREENSPAN

Before I met Ayn Rand, I was a logical positivist, and accordingly,
ALAN GREENSPAN

Accordingly Before Logical Met Positivist
It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.

ALAN GREENSPAN

It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
ALAN GREENSPAN

Competency Numerical
I don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.

ALAN GREENSPAN

I don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
ALAN GREENSPAN

End Free Think
Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
ALAN GREENSPAN

Currency Dollar Premier Still
American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.

ALAN GREENSPAN

American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
ALAN GREENSPAN

Economy Harbor
Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.

ALAN GREENSPAN

Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.
ALAN GREENSPAN

Shied Shortage
[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
ALAN GREENSPAN

End Neither Republication Swap
Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
ALAN GREENSPAN

Buddle National Overall Pattern Unsustainable Without
Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
ALAN GREENSPAN

Drive Household Out Tender
The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.

ALAN GREENSPAN

The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
ALAN GREENSPAN

Equally People Drive Those Workers
People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward.

ALAN GREENSPAN

People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward.
ALAN GREENSPAN

Cannot Forecast Go People Realize Probability

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