In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
ALAN GREENSPANIn general, corruption tends to exist whenever governments have favors to extend, or something to sell.
More Alan Greenspan Quotes
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Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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Credit-default swaps, I think, have serious problems associated with them.
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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.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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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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The free lunch has still to be invented.
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Significantly opening up immigration to skilled workers solves two problems.
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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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Regulation – which is based on force and fear – undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.
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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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The tub helps me relax, and it’s a great place to read.
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I’m only half joking
ALAN GREENSPAN