Alan Greenspan > Quotes

“ I know you think you understand what you thought I said but I'm not sure you realize that what you heard is not what I meant”
― Alan Greenspan

“under the gold standard, a free banking system stands as the protector of an economy's stability and balanced growth... The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit... In the absence of the gold standard, there is no way to protect savings from confiscation through inflation”
― Alan Greenspan

“There are errors in this book. I do not know where they are. If I did they wouldn't be there. But with close to two hundred thousand words my probabilistic mind tells me some are wrong.”
― Alan Greenspan, The Age Of Turbulence: Adventures In A New World

“We had a bubble in housing.”
― Alan Greenspan

“People do not realize in [the U.S], for example, how tenuous our ties to international energy are. That is, we on a daily basis require continuous flow. If that flow is shut off, it causes catastrophic effects in the industrial world. And it's that which made [Saddam Hussein] far more important to get out than bin Laden.
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― Alan Greenspan

“Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices. It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.”
― Alan Greenspan