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 More Quotes by Alan Greenspan More Quotes From Alan Greenspan Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my view is I don't think we can play subtle policy here. Alan Greenspan cutting views thinking To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills. Alan Greenspan business education success We will have more crises and none of them will look like this because no two crises have anything in common except human nature. Alan Greenspan common two looks 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. The question is whether it is accurate or not. Alan Greenspan reality people way Gold, unlike all other commodities, is a currency...and the major thrust in the demand for gold is not for jewelry. It's not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating. Alan Greenspan demand paper gold Rules cannot take the place of character. Alan Greenspan character The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion. Alan Greenspan debt finance long If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries. Alan Greenspan groups political social I'm always amazed that my wife can handle different subjects - one day politics, the next day foreign policy. And she always has so much fun doing it. We make a good team. Alan Greenspan next-day team fun Credit-default swaps, I think, have serious problems associated with them. Alan Greenspan credit serious thinking Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I'm only half joking Alan Greenspan united-states office president But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade? Alan Greenspan japan unexpected past 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 mechanism. In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals. Eliminating such restrictions would reduce at least some of the income inequality. Alan Greenspan labor-force competition america All taxes are a drag on economic growth. It's only a question of degree. Alan Greenspan degrees growth political Deficit spending is simply a scheme for the confiscation of wealth. Alan Greenspan wealth money gold I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I'm running into the tyranny of zero, which is where you can't reduce (the debt) any more Alan Greenspan zero running talking If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen. Alan Greenspan terrorism gains action 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 derivatives commodity gold If we are to remain preeminent in transforming knowledge into economic value, America's system of higher education must remain the world's leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers. Alan Greenspan economic-value teaching america The Iraq War is largely about oil. Alan Greenspan oil iraq war
