Always believe Quote by Alan Greenspan
“Well, you probably will always believe there should be laws against fraud, and I don't think there is any need for a law against fraud.”
About This Quote
Source Speech: Economic policy remarks, date unknown
He argues that laws against fraud are unnecessary, suggesting that fraud is self‑regulating or morally deterred
In simple terms: He thinks fraud laws are unnecessary
Key Takeaway
Question the need for legal deterrents in financial misconduct
Themes
law
ethics
economics
Mood
critical
analytical
Type
philosophical
inspirational
When to use this quote
- corporate compliance
- financial oversight
- public policy debates
Key Concepts
regulation theory
moral hazard
Questions to Reflect On
- Is fraud truly self‑policing in markets?
- What alternative safeguards could replace legal penalties?
A Different Perspective
Fraud may still occur without legal consequences, harming victims
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