--- title: "13 Economic Quotes By Alan Greenspan" description: "13 Economic quotes by Alan Greenspan. Plus more from Alan Greenspan and more Economic sayings from other authors." image: "https://sms4smile.com/quotes/i/9ee/alan-greenspan-1834_economic_these-days-even-out-of-office-i-still-re_1907542.png" --- > [These days, even out of office, I still read economic reports.](https://sms4smile.com/quotes/alan-greenspan/these-days-even-out-of-office-i-still-read-economic-reports/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/9ee/alan-greenspan-1834_economic_these-days-even-out-of-office-i-still-re_1907542.png) > [Since 1948 I have spent every single day thinking how the economic and political worlds have changed.](https://sms4smile.com/quotes/alan-greenspan/since-1948-i-have-spent-every-single-day-thinking-how-the-economic/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/8a0/alan-greenspan-1834_changed_since-1948-i-have-spent-every-single-day_1943633.png) > [All taxes are a drag on economic growth. It's only a question of degree.](https://sms4smile.com/quotes/alan-greenspan/all-taxes-are-a-drag-on-economic-growth-it-s-only-a-question-of-degree/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/08a/alan-greenspan-1834_degrees_all-taxes-are-a-drag-on-economic-growth_969036.png) > [I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the…](https://sms4smile.com/quotes/alan-greenspan/i-was-a-fairly-good-amateur-musician-and-i-was-an-average/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/5ce/alan-greenspan-1834_amateur_i-was-a-fairly-good-amateur-musician-and_734999.png) > [The only way you get economic progress, real standards of living moving higher, is to have the savings of the society continuously…](https://sms4smile.com/quotes/alan-greenspan/the-only-way-you-get-economic-progress-real-standards-of-living/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/388/alan-greenspan-1834_continuously_the-only-way-you-get-economic-progress-r_1729829.png) > [An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that…](https://sms4smile.com/quotes/alan-greenspan/an-almost-hysterical-antagonism-toward-the-gold-standard-is-one-issue/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/534/alan-greenspan-1834_antagonism_an-almost-hysterical-antagonism-toward-t_1135133.png) > [Much fiscal policy is implemented, not through spending increases, but through tax credits and other so-called tax expenditures. The markets should respond…](https://sms4smile.com/quotes/alan-greenspan/much-fiscal-policy-is-implemented-not-through-spending-increases-but/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/52f/alan-greenspan-1834_activity_much-fiscal-policy-is-implemented-not-th_2773515.png) > [The only thing that was economic, I might say, about my music career, aside from the fact that I did everybody's tax…](https://sms4smile.com/quotes/alan-greenspan/the-only-thing-that-was-economic-i-might-say-about-my-music-career/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/907/alan-greenspan-1834_about_the-only-thing-that-was-economic-i-might_1583434.png) > [The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this…](https://sms4smile.com/quotes/alan-greenspan/the-recent-evidence-increasingly-suggests-that-an-economic-expansion/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/39f/alan-greenspan-1834_business_the-recent-evidence-increasingly-suggest_2284774.png) > [Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance…](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/) [Image](https://sms4smile.com/quotes/i/83c/alan-greenspan-1834_clouded_although-the-outlook-is-clouded-by-a-num_74002.png) > [What a sound money system does is to stabilize all the elements in it, and reduces the uncertainty that people confront. And…](https://sms4smile.com/quotes/alan-greenspan/what-a-sound-money-system-does-is-to-stabilize-all-the-elements-in-it/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/ae6/alan-greenspan-1834_activity_what-a-sound-money-system-does-is-to-sta_1239427.jpg) > [If we are to remain preeminent in transforming knowledge into economic value, America's system of higher education must remain the world's leader…](https://sms4smile.com/quotes/alan-greenspan/if-we-are-to-remain-preeminent-in-transforming-knowledge-into/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/938/alan-greenspan-1834_america_if-we-are-to-remain-preeminent-in-transf_195411.png) > [The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense…](https://sms4smile.com/quotes/alan-greenspan/the-recent-period-has-been-marked-by-a-transformation-to-an-economy/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/772/alan-greenspan-1834_century_the-recent-period-has-been-marked-by-a-t_437373.jpg) ## Other authors on Economic ## 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/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/economic/alan-greenspan/#itemlist", "name": "13 Economic Quotes By Alan Greenspan", "numberOfItems": 13, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "These days, even out of office, I still read economic reports.", "creator": { "@type": "Person", "name": "Alan Greenspan" }, "url": "https://sms4smile.com/quotes/alan-greenspan/these-days-even-out-of-office-i-still-read-economic-reports/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/9ee/alan-greenspan-1834_economic_these-days-even-out-of-office-i-still-re_1907542.png", "contentUrl": "https://sms4smile.com/quotes/i/9ee/alan-greenspan-1834_economic_these-days-even-out-of-office-i-still-re_1907542.png", "url": "https://sms4smile.com/quotes/i/9ee/alan-greenspan-1834_economic_these-days-even-out-of-office-i-still-re_1907542.png", "width": 1080, "height": 1080, "caption": "“These days, even out of office, I still read economic reports.” — Alan Greenspan", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "Since 1948 I have spent every single day thinking how the economic and political worlds have changed.", "creator": { "@type": "Person", "name": "Alan Greenspan" }, "url": "https://sms4smile.com/quotes/alan-greenspan/since-1948-i-have-spent-every-single-day-thinking-how-the-economic/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/8a0/alan-greenspan-1834_changed_since-1948-i-have-spent-every-single-day_1943633.png", "contentUrl": "https://sms4smile.com/quotes/i/8a0/alan-greenspan-1834_changed_since-1948-i-have-spent-every-single-day_1943633.png", "url": "https://sms4smile.com/quotes/i/8a0/alan-greenspan-1834_changed_since-1948-i-have-spent-every-single-day_1943633.png", "width": 1080, "height": 1080, "caption": "“Since 1948 I have spent every single day thinking how the economic and political worlds have changed.” — Alan Greenspan", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 3, "item": { "@type": "Quotation", "text": "All taxes are a drag on economic growth. 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And those technologies which are obsolescent get dropped out.", "creator": { "@type": "Person", "name": "Alan Greenspan" }, "url": "https://sms4smile.com/quotes/alan-greenspan/the-only-way-you-get-economic-progress-real-standards-of-living/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/388/alan-greenspan-1834_continuously_the-only-way-you-get-economic-progress-r_1729829.png", "contentUrl": "https://sms4smile.com/quotes/i/388/alan-greenspan-1834_continuously_the-only-way-you-get-economic-progress-r_1729829.png", "url": "https://sms4smile.com/quotes/i/388/alan-greenspan-1834_continuously_the-only-way-you-get-economic-progress-r_1729829.png", "width": 1080, "height": 1080, "caption": "“The only way you get economic progress, real standards of living moving higher, is to have the savings of…” — Alan Greenspan", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 6, "item": { "@type": "Quotation", "text": "An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable.", "creator": { "@type": "Person", "name": "Alan Greenspan" }, "url": "https://sms4smile.com/quotes/alan-greenspan/an-almost-hysterical-antagonism-toward-the-gold-standard-is-one-issue/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/534/alan-greenspan-1834_antagonism_an-almost-hysterical-antagonism-toward-t_1135133.png", "contentUrl": "https://sms4smile.com/quotes/i/534/alan-greenspan-1834_antagonism_an-almost-hysterical-antagonism-toward-t_1135133.png", "url": "https://sms4smile.com/quotes/i/534/alan-greenspan-1834_antagonism_an-almost-hysterical-antagonism-toward-t_1135133.png", "width": 1080, "height": 1080, "caption": "“An almost hysterical antagonism toward the gold standard is one issue which unites statists of all…” — Alan Greenspan", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 7, "item": { "@type": "Quotation", "text": "Much fiscal policy is implemented, not through spending increases, but through tax credits and other so-called tax expenditures. The markets should respond to them as they do spending cuts, with little contraction in economic activity.", "creator": { "@type": "Person", "name": "Alan Greenspan" }, "url": "https://sms4smile.com/quotes/alan-greenspan/much-fiscal-policy-is-implemented-not-through-spending-increases-but/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/52f/alan-greenspan-1834_activity_much-fiscal-policy-is-implemented-not-th_2773515.png", "contentUrl": "https://sms4smile.com/quotes/i/52f/alan-greenspan-1834_activity_much-fiscal-policy-is-implemented-not-th_2773515.png", "url": "https://sms4smile.com/quotes/i/52f/alan-greenspan-1834_activity_much-fiscal-policy-is-implemented-not-th_2773515.png", "width": 1080, "height": 1080, "caption": "“Much fiscal policy is implemented, not through spending increases, but through tax credits and other…” — Alan Greenspan", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 8, "item": { "@type": "Quotation", "text": "The only thing that was economic, I might say, about my music career, aside from the fact that I did everybody's tax returns in the band, was the decision I made to leave the music business on economic grounds.", "creator": { "@type": "Person", "name": "Alan Greenspan" }, "url": "https://sms4smile.com/quotes/alan-greenspan/the-only-thing-that-was-economic-i-might-say-about-my-music-career/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/907/alan-greenspan-1834_about_the-only-thing-that-was-economic-i-might_1583434.png", "contentUrl": "https://sms4smile.com/quotes/i/907/alan-greenspan-1834_about_the-only-thing-that-was-economic-i-might_1583434.png", "url": "https://sms4smile.com/quotes/i/907/alan-greenspan-1834_about_the-only-thing-that-was-economic-i-might_1583434.png", "width": 1080, "height": 1080, "caption": "“The only thing that was economic, I might say, about my music career, aside from the fact that I did…” — Alan Greenspan", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 9, "item": { "@type": "Quotation", "text": "The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed", "creator": { "@type": "Person", "name": "Alan Greenspan" }, "url": "https://sms4smile.com/quotes/alan-greenspan/the-recent-evidence-increasingly-suggests-that-an-economic-expansion/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/39f/alan-greenspan-1834_business_the-recent-evidence-increasingly-suggest_2284774.png", "contentUrl": "https://sms4smile.com/quotes/i/39f/alan-greenspan-1834_business_the-recent-evidence-increasingly-suggest_2284774.png", "url": "https://sms4smile.com/quotes/i/39f/alan-greenspan-1834_business_the-recent-evidence-increasingly-suggest_2284774.png", "width": 1080, "height": 1080, "caption": "“The recent evidence increasingly suggests that an economic expansion is already well under way, although an…” — Alan Greenspan", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 10, "item": { "@type": "Quotation", "text": "Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.", "creator": { "@type": "Person", "name": "Alan Greenspan" }, "url": "https://sms4smile.com/quotes/alan-greenspan/although-the-outlook-is-clouded-by-a-number-of-uncertainties-the/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/83c/alan-greenspan-1834_clouded_although-the-outlook-is-clouded-by-a-num_74002.png", "contentUrl": "https://sms4smile.com/quotes/i/83c/alan-greenspan-1834_clouded_although-the-outlook-is-clouded-by-a-num_74002.png", "url": "https://sms4smile.com/quotes/i/83c/alan-greenspan-1834_clouded_although-the-outlook-is-clouded-by-a-num_74002.png", "width": 1080, "height": 1080, "caption": "“Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections…” — Alan Greenspan", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 11, "item": { "@type": "Quotation", "text": "What a sound money system does is to stabilize all the elements in it, and reduces the uncertainty that people confront. 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