Alan Greenspan Quotes and Sayings - Page 1
-
“I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.”
-- Alan Greenspan -
“Any informed borrower is simply less vulnerable to fraud and abuse.”
-- Alan Greenspan -
“Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.”
-- Alan GreenspanSource : "Gold is again proving its value in a risky world" by George Trefgarne, www.telegraph.co.uk. December 23, 2002.
-
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.”
-- Alan GreenspanSource : Speech in 1988. "What if the Fed Chief Speaks Plainly?" by Floyd Norris, www.nytimes.com. October 28, 2005.
-
-
“The number one problem in today's generation and economy is the lack of financial literacy.”
-- Alan Greenspan -
“But rules cannot substitute for character.”
-- Alan Greenspan -
“I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.”
-- Alan Greenspan -
“Rules cannot take the place of character.”
-- Alan Greenspan -
-
“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.”
-- Alan Greenspan -
“The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.”
-- Alan GreenspanSource : "Remarks by Chairman Alan Greenspan". Alan Greenspan's commencement address at Harvard University in Cambridge, Massachusetts, www.federalreserve.gov. June 10, 1999.
-
“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.”
-- Alan Greenspan -
“If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.”
-- Alan Greenspan -
-
“Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.”
-- Alan Greenspan -
“What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn't be taking it to those who are willing to and are capable of doing so.”
-- Alan Greenspan -
“We cannot rule out a situation in which a preemptive policy tightening becomes necessary, ... Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.”
-- Alan Greenspan -
“There are no easy choices. Easy choices are long gone.”
-- Alan Greenspan -
-
“Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.”
-- 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 United States.”
-- Alan Greenspan -
“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”
-- Alan Greenspan -
“The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.”
-- Alan Greenspan -
-
“In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.”
-- Alan Greenspan -
“We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.”
-- Alan Greenspan -
“History has not dealt kindly with the aftermath of protracted periods of low risk premiums.”
-- Alan Greenspan -
“I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.”
-- Alan Greenspan -
-
“It's a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven't been able to do it. Maybe somebody else can.”
-- Alan Greenspan -
“Productivity is notoriously difficult to predict.”
-- Alan Greenspan -
“The process of innovation is, of course, never ending.”
-- Alan Greenspan -
“And whatever their publicized angst over Saddam Hussein's 'weapons of mass destruction,' American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy. ... I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.”
-- Alan Greenspan -
-
“I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.”
-- Alan Greenspan -
“Revolutions are something you see only in retrospect.”
-- Alan Greenspan
You may also like:
-
Alan Blinder
Economist -
Andrea Mitchell
Journalist -
Ayn Rand
Novelist -
Ben Bernanke
Economist -
Friedrich August von Hayek
Economist -
George W. Bush
43rd U.S. President -
Henry A. Kissinger
Former National Security Advisor -
Henry Paulson
Former United States Secretary of the Treasury -
Janet Yellen
Economist -
John Maynard Keynes
Economist -
Lawrence Summers
Former Undersecretary for International Affairs -
Milton Friedman
Economist -
Nouriel Roubini
Economist -
Paul Krugman
Economist -
Paul Volcker
Economist -
Richard Branson
Business magnate -
Robert J. Shiller
Economist -
Robert Rubin
Former United States Secretary of the Treasury -
Timothy Geithner
Former United States Secretary of the Treasury -
Warren Buffett
Investor