--- title: "14 Way Quotes By Alan Greenspan" description: "14 Way quotes by Alan Greenspan. Plus more from Alan Greenspan and more Way 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) > [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) > [The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants,…](https://sms4smile.com/quotes/alan-greenspan/the-only-sustainable-way-to-increase-demand-for-vacant-houses-is-to/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/d14/alan-greenspan-1834_accomplish_the-only-sustainable-way-to-increase-dem_1202436.png) > [It's hard to tell which assets will be toxic. The best way to ensure that only shareholders and banks feel it is…](https://sms4smile.com/quotes/alan-greenspan/it-s-hard-to-tell-which-assets-will-be-toxic-the-best-way-to-ensure/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/493/alan-greenspan-1834_adequate_it-s-hard-to-tell-which-assets-will-be-t_2818847.png) > [In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe…](https://sms4smile.com/quotes/alan-greenspan/in-the-absence-of-the-gold-standard-there-is-no-way-to-protect/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/62d/alan-greenspan-1834_absence_in-the-absence-of-the-gold-standard-ther_1248802.png) > [The only way to have several currencies from divergent nations lumped together is if they are culturally close, such as Germany, the…](https://sms4smile.com/quotes/alan-greenspan/the-only-way-to-have-several-currencies-from-divergent-nations-lumped/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/356/alan-greenspan-1834_austria_the-only-way-to-have-several-currencies_2985120.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) > [Putin probably, almost certainly, thinks that one of the great disasters of the 20th century was the demise of the Soviet Union.…](https://sms4smile.com/quotes/alan-greenspan/putin-probably-almost-certainly-thinks-that-one-of-the-great/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/6b3/alan-greenspan-1834_20th-century_putin-probably-almost-certainly-thinks-t_2346977.png) > [I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both…](https://sms4smile.com/quotes/alan-greenspan/i-do-not-deny-that-many-appear-to-have-succeeded-in-a-material-way-by/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/f66/alan-greenspan-1834_associates_i-do-not-deny-that-many-appear-to-have-s_2492592.png) > [There are winners and there are losers. And as much as we would like to help the losers, if we do it…](https://sms4smile.com/quotes/alan-greenspan/there-are-winners-and-there-are-losers-and-as-much-as-we-would-like/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/b53/alan-greenspan-1834_capital_there-are-winners-and-there-are-losers-a_1196449.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) > [Chinese productivity is the highest in the world but the way they do it is by borrowing the technology from abroad, either…](https://sms4smile.com/quotes/alan-greenspan/chinese-productivity-is-the-highest-in-the-world-but-the-way-they-do/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/806/alan-greenspan-1834_abroad_chinese-productivity-is-the-highest-in-t_906878.png) > [Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it…](https://sms4smile.com/quotes/alan-greenspan/corruption-embezzlement-fraud-these-are-all-characteristics-which/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/2f5/alan-greenspan-1834_characteristics_corruption-embezzlement-fraud-these-are_1668945.png) > [What an ideology is is a conceptual framework with the way people deal with reality. Everyone has one. You have to, to…](https://sms4smile.com/quotes/alan-greenspan/what-an-ideology-is-is-a-conceptual-framework-with-the-way-people/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) [Image](https://sms4smile.com/quotes/i/a29/alan-greenspan-1834_accurate_what-an-ideology-is-is-a-conceptual-fram_2383837.jpg) ## Other authors on Way ## 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/way/alan-greenspan/#itemlist", "name": "14 Way Quotes By Alan Greenspan", "numberOfItems": 14, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. 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There is no safe store of value.", "creator": { "@type": "Person", "name": "Alan Greenspan" }, "url": "https://sms4smile.com/quotes/alan-greenspan/in-the-absence-of-the-gold-standard-there-is-no-way-to-protect/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/62d/alan-greenspan-1834_absence_in-the-absence-of-the-gold-standard-ther_1248802.png", "contentUrl": "https://sms4smile.com/quotes/i/62d/alan-greenspan-1834_absence_in-the-absence-of-the-gold-standard-ther_1248802.png", "url": "https://sms4smile.com/quotes/i/62d/alan-greenspan-1834_absence_in-the-absence-of-the-gold-standard-ther_1248802.png", "width": 1080, "height": 1080, "caption": "“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation…” — Alan Greenspan", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 6, "item": { "@type": "Quotation", "text": "The only way to have several currencies from divergent nations lumped together is if they are culturally close, such as Germany, the Netherlands and Austria. If they aren't, it simply can't continue to work.", "creator": { "@type": "Person", "name": "Alan Greenspan" }, "url": "https://sms4smile.com/quotes/alan-greenspan/the-only-way-to-have-several-currencies-from-divergent-nations-lumped/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/356/alan-greenspan-1834_austria_the-only-way-to-have-several-currencies_2985120.png", "contentUrl": "https://sms4smile.com/quotes/i/356/alan-greenspan-1834_austria_the-only-way-to-have-several-currencies_2985120.png", "url": "https://sms4smile.com/quotes/i/356/alan-greenspan-1834_austria_the-only-way-to-have-several-currencies_2985120.png", "width": 1080, "height": 1080, "caption": "“The only way to have several currencies from divergent nations lumped together is if they are culturally…” — Alan Greenspan", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 7, "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": 8, "item": { "@type": "Quotation", "text": "Putin probably, almost certainly, thinks that one of the great disasters of the 20th century was the demise of the Soviet Union. It's very obvious that he's trying to work its way back and maintain something similar to that sort of institution.", "creator": { "@type": "Person", "name": "Alan Greenspan" }, "url": "https://sms4smile.com/quotes/alan-greenspan/putin-probably-almost-certainly-thinks-that-one-of-the-great/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/6b3/alan-greenspan-1834_20th-century_putin-probably-almost-certainly-thinks-t_2346977.png", "contentUrl": "https://sms4smile.com/quotes/i/6b3/alan-greenspan-1834_20th-century_putin-probably-almost-certainly-thinks-t_2346977.png", "url": "https://sms4smile.com/quotes/i/6b3/alan-greenspan-1834_20th-century_putin-probably-almost-certainly-thinks-t_2346977.png", "width": 1080, "height": 1080, "caption": "“Putin probably, almost certainly, thinks that one of the great disasters of the 20th century was the demise…” — Alan Greenspan", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 9, "item": { "@type": "Quotation", "text": "I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives. But material success is possible in this world and far more satisfying when it comes without exploiting others.", "creator": { "@type": "Person", "name": "Alan Greenspan" }, "url": "https://sms4smile.com/quotes/alan-greenspan/i-do-not-deny-that-many-appear-to-have-succeeded-in-a-material-way-by/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/f66/alan-greenspan-1834_associates_i-do-not-deny-that-many-appear-to-have-s_2492592.png", "contentUrl": "https://sms4smile.com/quotes/i/f66/alan-greenspan-1834_associates_i-do-not-deny-that-many-appear-to-have-s_2492592.png", "url": "https://sms4smile.com/quotes/i/f66/alan-greenspan-1834_associates_i-do-not-deny-that-many-appear-to-have-s_2492592.png", "width": 1080, "height": 1080, "caption": "“I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating…” — Alan Greenspan", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 10, "item": { "@type": "Quotation", "text": "There are winners and there are losers. And as much as we would like to help the losers, if we do it in the way that directs the limited capital of the society to support the low-productivity parts of the economy, it means that the rest of the economy - our overall standard of living - will not rise as much as it could.", "creator": { "@type": "Person", "name": "Alan Greenspan" }, "url": "https://sms4smile.com/quotes/alan-greenspan/there-are-winners-and-there-are-losers-and-as-much-as-we-would-like/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/b53/alan-greenspan-1834_capital_there-are-winners-and-there-are-losers-a_1196449.png", "contentUrl": "https://sms4smile.com/quotes/i/b53/alan-greenspan-1834_capital_there-are-winners-and-there-are-losers-a_1196449.png", "url": "https://sms4smile.com/quotes/i/b53/alan-greenspan-1834_capital_there-are-winners-and-there-are-losers-a_1196449.png", "width": 1080, "height": 1080, "caption": "“There are winners and there are losers. And as much as we would like to help the losers, if we do it in the…” — Alan Greenspan", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 11, "item": { "@type": "Quotation", "text": "The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. 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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of that stuff.", "creator": { "@type": "Person", "name": "Alan Greenspan" }, "url": "https://sms4smile.com/quotes/alan-greenspan/corruption-embezzlement-fraud-these-are-all-characteristics-which/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/2f5/alan-greenspan-1834_characteristics_corruption-embezzlement-fraud-these-are_1668945.png", "contentUrl": "https://sms4smile.com/quotes/i/2f5/alan-greenspan-1834_characteristics_corruption-embezzlement-fraud-these-are_1668945.png", "url": "https://sms4smile.com/quotes/i/2f5/alan-greenspan-1834_characteristics_corruption-embezzlement-fraud-these-are_1668945.png", "width": 1080, "height": 1080, "caption": "“Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the…” — Alan Greenspan", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 14, "item": { "@type": "Quotation", "text": "What an ideology is is a conceptual framework with the way people deal with reality. Everyone has one. You have to, to exist you need an ideology. 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