Bits Quote by Steve Forbes
“Mr. Greenspan did a very good job in the early 1990's. But recently he's fallen prey to this crazy theory that prosperity causes inflation. So they're trying to slow the economy down by raising interest rates. It's like a doctor saying you're in great health, so we have to make you sick a little bit. It's a bizarre theory. It's going to hurt our economy.”
About This Quote
Source Speech: Public commentary by Alan Greenspan, early 1990s; later interview 2020s
Critiques the view that prosperity inevitably leads to inflation and that tightening policy is like harming a healthy system.
In simple terms: Challenges the idea that a strong economy must be slowed down artificially.
Key Takeaway
Question policies that may unnecessarily restrict growth.
Themes
economics
policy
inflation
growth
monetary policy
Mood
concerned
analytical
Type
critical
policy commentary
When to use this quote
- Central bank decisions
- government fiscal planning
- business forecasting
- public debate
Key Concepts
Keynesianism
monetary theory
policy trade‑offs
Questions to Reflect On
- How do we balance price stability with supporting a thriving economy?
- What evidence shows that raising rates harms growth?
A Different Perspective
Assumes all inflation is harmful and ignores demand‑side benefits of moderate price rises.
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