---
title: "4 Banking system Quotes By Alan Greenspan"
description: "4 Banking system quotes by Alan Greenspan. Plus more from Alan Greenspan and more Banking system sayings from other authors."
image: "https://sms4smile.com/quotes/i/61d/alan-greenspan-1834_banking-system_deficit-spending-is-simply-a-scheme-for_495500.jpg"
---

> [Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It…](https://sms4smile.com/quotes/alan-greenspan/deficit-spending-is-simply-a-scheme-for-the-hidden-confiscation-of/)

[Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/)

[Image](https://sms4smile.com/quotes/i/61d/alan-greenspan-1834_banking-system_deficit-spending-is-simply-a-scheme-for_495500.jpg)

> [“under the gold standard, a free banking system stands as the protector of an economy's stability and balanced growth... The abandonment of…](https://sms4smile.com/quotes/alan-greenspan/under-the-gold-standard-a-free-banking-system-stands-as-the-protector/)

[Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/)

[Image](https://sms4smile.com/quotes/i/16d/alan-greenspan-1834_banking-system_under-the-gold-standard-a-free-banking-s_699200.png)

> [Deficit spending is simply a scheme for the confiscation of wealth.](https://sms4smile.com/quotes/alan-greenspan/deficit-spending-is-simply-a-scheme-for-the-confiscation-of-wealth/)

[Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/)

[Image](https://sms4smile.com/quotes/i/e21/alan-greenspan-1834_banking-system_deficit-spending-is-simply-a-scheme-for_1579543.png)

> [The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to…](https://sms4smile.com/quotes/alan-greenspan/the-abandonment-of-the-gold-standard-made-it-possible-for-the-welfare/)

[Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/)

[Image](https://sms4smile.com/quotes/i/5b9/alan-greenspan-1834_abandonment_the-abandonment-of-the-gold-standard-mad_2175246.png)

## Other authors on Banking system

- [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b003/author-adnan-pachachi-9524.jpg) Kenneth C. Griffin 5 quotes ](https://sms4smile.com/quotes/about/banking-system/kenneth-c-griffin/)

## More by Alan Greenspan

> [Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.](https://sms4smile.com/quotes/alan-greenspan/crony-capitalism-is-essentially-a-condition-in-which-public-officials/)

[Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/)

> [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,…](https://sms4smile.com/quotes/alan-greenspan/at-the-risk-of-some-oversimplification-if-the-skill-composition-of/)

[Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/)

> [To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal…](https://sms4smile.com/quotes/alan-greenspan/to-succeed-you-will-soon-learn-as-i-did-the-importance-of-a-solid/)

[Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/)

> [I've always argued that this country has benefited immensely from the fact that we draw people from all over the world.](https://sms4smile.com/quotes/alan-greenspan/i-ve-always-argued-that-this-country-has-benefited-immensely-from-the/)

[Alan Greenspan](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/alan-greenspan/i-cannot-conceive-of-a-politically-feasible-solution-to-this-problem/)

[Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/)

> [Before I met Ayn Rand, I was a logical positivist, and accordingly, I didn't believe in absolutes, moral or otherwise. If I couldn't prove…](https://sms4smile.com/quotes/alan-greenspan/before-i-met-ayn-rand-i-was-a-logical-positivist-and-accordingly-i/)

[Alan Greenspan](https://sms4smile.com/quotes/author/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… ](https://sms4smile.com/quotes/alan-greenspan/skilled-shortages-in-america-exist-because-we-are-shielding-our/)

[Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/)

> [A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority…](https://sms4smile.com/quotes/alan-greenspan/a-decline-in-the-national-housing-price-level-would-need-to-be/)

[Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/)

> [Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the…](https://sms4smile.com/quotes/alan-greenspan/although-the-outlook-is-clouded-by-a-number-of-uncertainties-the/)

[Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/)

> [At the outset of the creation of the euro in 1999, it was expected that the southern eurozone economies would behave like those in…](https://sms4smile.com/quotes/alan-greenspan/at-the-outset-of-the-creation-of-the-euro-in-1999-it-was-expected/)

[Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/)

> [We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy…](https://sms4smile.com/quotes/alan-greenspan/we-may-be-in-a-rapidly-evolving-international-financial-system-with/)

[Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/)

> [The guiding purpose of the government regulator is to prevent rather than to create something.](https://sms4smile.com/quotes/alan-greenspan/the-guiding-purpose-of-the-government-regulator-is-to-prevent-rather/)

[Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/)

> [“government regulation cannot substitute for individual integrity.”](https://sms4smile.com/quotes/alan-greenspan/government-regulation-cannot-substitute-for-individual-integrity/)

[Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/)

> [...our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do…](https://sms4smile.com/quotes/alan-greenspan/our-market-system-depends-critically-on-trust-trust-in-the-word-of/)

[Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/)

> [It's hard to overemphasize how important Ford's deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged…](https://sms4smile.com/quotes/alan-greenspan/it-s-hard-to-overemphasize-how-important-ford-s-deregulation-was-true/)

[Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/)

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