---
title: "15 Financial Quotes By Alan Greenspan"
description: "15 Financial quotes by Alan Greenspan. Plus more from Alan Greenspan and more Financial sayings from other authors."
image: "https://sms4smile.com/quotes/i/725/alan-greenspan-1834_economics_the-number-one-problem-in-today-s-genera_1409432.png"
---

> [The number one problem in today's generation and economy is the lack of financial literacy.](https://sms4smile.com/quotes/alan-greenspan/the-number-one-problem-in-today-s-generation-and-economy-is-the-lack/)

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

[Image](https://sms4smile.com/quotes/i/725/alan-greenspan-1834_economics_the-number-one-problem-in-today-s-genera_1409432.png)

> [By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.](https://sms4smile.com/quotes/alan-greenspan/by-far-the-most-significant-event-in-finance-during-the-past-decade/)

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

[Image](https://sms4smile.com/quotes/i/c7c/alan-greenspan-1834_decades_by-far-the-most-significant-event-in-fin_1572201.png)

> [We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy,…](https://sms4smile.com/quotes/alan-greenspan/we-as-central-bankers-need-not-be-concerned-if-a-collapsing-financial/)

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

[Image](https://sms4smile.com/quotes/i/3db/alan-greenspan-1834_assets_we-as-central-bankers-need-not-be-concer_1901275.png)

> [The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of…](https://sms4smile.com/quotes/alan-greenspan/the-current-financial-crisis-in-the-us-is-likely-to-be-judged-in/)

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

[Image](https://sms4smile.com/quotes/i/515/alan-greenspan-1834_crisis_the-current-financial-crisis-in-the-us-i_825632.jpg)

> [If prices go down, we will have problems - problems in the sense of spillover to other areas, Greenspan said. While he…](https://sms4smile.com/quotes/alan-greenspan/if-prices-go-down-we-will-have-problems-problems-in-the-sense-of-2/)

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

[Image](https://sms4smile.com/quotes/i/2b7/alan-greenspan-1834_financial_if-prices-go-down-we-will-have-problems_2756808.png)

> [If prices go down, we will have problems - problems in the sense of spillover to other areas.](https://sms4smile.com/quotes/alan-greenspan/if-prices-go-down-we-will-have-problems-problems-in-the-sense-of/)

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

[Image](https://sms4smile.com/quotes/i/29d/alan-greenspan-1834_areas_if-prices-go-down-we-will-have-problems_2334024.png)

> [ I believe that the general growth in large \[financial\] institutions have occurred in the context of an underlying structure of markets in… ](https://sms4smile.com/quotes/alan-greenspan/i-believe-that-the-general-growth-in-large-financial-institutions/)

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

[Image](https://sms4smile.com/quotes/i/c3d/alan-greenspan-1834_believe_i-believe-that-the-general-growth-in-lar_267082.jpg)

> [This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns…](https://sms4smile.com/quotes/alan-greenspan/this-decade-is-strewn-with-examples-of-bright-people-who-thought-they/)

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

[Image](https://sms4smile.com/quotes/i/47b/alan-greenspan-1834_abnormal_this-decade-is-strewn-with-examples-of-b_2691530.png)

> [We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But…](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/)

[Image](https://sms4smile.com/quotes/i/aab/alan-greenspan-1834_bells_we-may-be-in-a-rapidly-evolving-internat_109314.jpg)

> [It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's…](https://sms4smile.com/quotes/alan-greenspan/it-has-been-my-experience-that-competency-in-mathematics-both-in/)

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

[Image](https://sms4smile.com/quotes/i/bad/alan-greenspan-1834_ability_it-has-been-my-experience-that-competenc_783386.jpg)

> [It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade. The…](https://sms4smile.com/quotes/alan-greenspan/it-seems-superfluous-to-constrain-trading-in-some-of-the-newer/)

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

[Image](https://sms4smile.com/quotes/i/18a/alan-greenspan-1834_business_it-seems-superfluous-to-constrain-tradin_1085448.png)

> [History demonstrates that participants in financial markets are susceptible to waves of optimism. Excessive optimism shows the seeds of its own reversal…](https://sms4smile.com/quotes/alan-greenspan/history-demonstrates-that-participants-in-financial-markets-are/)

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

[Image](https://sms4smile.com/quotes/i/806/alan-greenspan-1834_customer_history-demonstrates-that-participants-i_3205061.jpg)

> [The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key…](https://sms4smile.com/quotes/alan-greenspan/the-use-of-a-growing-array-of-derivatives-and-the-related-application/)

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

[Image](https://sms4smile.com/quotes/i/4d2/alan-greenspan-1834_application_the-use-of-a-growing-array-of-derivative_3229219.jpg)

> [In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset…](https://sms4smile.com/quotes/alan-greenspan/in-an-economy-that-already-has-lost-some-momentum-one-must-remain/)

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

[Image](https://sms4smile.com/quotes/i/1a6/alan-greenspan-1834_assets_in-an-economy-that-already-has-lost-some_1474517.png)

> [Institutions of the newer participants in global finance had not been tested, until recently...recent crisis have underscored certain financial structure vulnerabilities that…](https://sms4smile.com/quotes/alan-greenspan/institutions-of-the-newer-participants-in-global-finance-had-not-been/)

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

[Image](https://sms4smile.com/quotes/i/39a/alan-greenspan-1834_certain_institutions-of-the-newer-participants-i_576234.png)

## Other authors on Financial

## 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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                        "text": "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 rules of prudence are as formidable as ever. We violate them at our own peril.",
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                        "text": "It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making",
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                        "text": "It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade. The worst have failed; investors no longer fund them and are not likely to in the future.",
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                        "text": "History demonstrates that participants in financial markets are susceptible to waves of optimism. Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.",
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                        "text": "The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions … Derivatives have permitted the unbundling of financial risks.",
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                        "text": "In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.",
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                        "text": "Institutions of the newer participants in global finance had not been tested, until recently...recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.",
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