Alan Greenspan Quotes

110 quotes in 1676 categories

• I've always argued that this country has benefited immensely from the fact that we draw people from all over the world.
• 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…
• The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to…
• Significantly opening up immigration to skilled workers solves two problems. The companies could hire the educated workers they need. And those workers would compete with…
• Senator, we are groping for understanding, the knowledge you assume I possess doesn't exist' - 'The only effective regulation lies in the propensity of customers…
• Greenspan, who knew so much more than most, knew far less than most supposed ...
• Regulators have not been able to achieve the level of future clarity required to act pre-emptively. The problem is not lack of regulation but unrealistic…
• How do we know when irrational exuberance has unduly escalated asset values?
• I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
• Whatever you tax you get less of.
• Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
• The number one problem in today's generation and economy is the lack of financial literacy.
• Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.
• 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…
• Given our inevitably incomplete knowledge about key structural aspects of an everchanging economy and the sometimes asymmetric costs or benefits of particular outcomes, a central…
• Indeed, better risk management may be the only truly necessary element of success in banking.
• 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…
• It is decidedly not true that "nice guys finish last," as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
• 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…
• 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…

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