Deficit spending is simply a scheme for the confiscation of wealth. — Alan Greenspan Copy Share Image
The number one problem in today's generation and economy is the lack of financial literacy. — Alan Greenspan Copy Share Image
The United States can pay any debt it has because we can always print money to do that. So there is zero… — Alan Greenspan Copy Share Image
The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of… — Alan Greenspan Copy Share Image
Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It… — Alan Greenspan Copy Share Image
By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives. — Alan Greenspan Copy Share Image
We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy,… — Alan Greenspan Copy Share Image
Gold, unlike all other commodities, is a currency...and the major thrust in the demand for gold is not for jewelry. It's not… — Alan Greenspan Copy Share Image
In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset… — Alan Greenspan Copy Share Image
What a sound money system does is to stabilize all the elements in it, and reduces the uncertainty that people confront. And… — Alan Greenspan Copy Share Image
Institutions of the newer participants in global finance had not been tested, until recently...recent crisis have underscored certain financial structure vulnerabilities that… — Alan Greenspan Copy Share Image
We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But… — Alan Greenspan Copy Share Image
I do not understand where the backing of Bitcoin is coming from. There is no fundamental issue of capabilities of repaying it… — Alan Greenspan Copy Share Image
I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in… — Alan Greenspan Copy Share Image
Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in… — Alan Greenspan Copy Share Image
As long as we issue fiat currency, I see no alternative to a legal tender law. — Alan Greenspan Copy Share Image
History demonstrates that participants in financial markets are susceptible to waves of optimism. Excessive optimism shows the seeds of its own reversal… — Alan Greenspan Copy Share Image
The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is… — Alan Greenspan Copy Share Image
This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns… — Alan Greenspan Copy Share Image
Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours. — Alan Greenspan Copy Share Image
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,… — Alan Greenspan Copy Share Image
To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal… — Alan Greenspan Copy Share Image
I've always argued that this country has benefited immensely from the fact that we draw people from all over the world. — Alan Greenspan Copy Share Image
I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It… — Alan Greenspan Copy Share Image
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… — Alan Greenspan Copy Share Image
Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage… — Alan Greenspan Copy Share Image
A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority… — Alan Greenspan Copy Share Image
Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the… — Alan Greenspan Copy Share Image
At the outset of the creation of the euro in 1999, it was expected that the southern eurozone economies would behave like those in… — Alan Greenspan Copy Share Image
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… — Alan Greenspan Copy Share Image
The guiding purpose of the government regulator is to prevent rather than to create something. — Alan Greenspan Copy Share Image
![“I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically -- I should say, fully -- hedged.” quote by Alan Greenspan](https://sms4smile.com/quotes/img-quotes/c3d/alan-greenspan-1834_believe_i-believe-that-the-general-growth-in-lar_267082.jpg)
![“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. In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by…” quote by Alan Greenspan](https://sms4smile.com/quotes/img-quotes/e7f/alan-greenspan-1834_america_skilled-shortages-in-america-exist-becau_52819.jpg)
