Alan Greenspan Quotes

Alan Greenspan is an American economist who served as the Chairman of the Federal Reserve, the central banking system of the United States. He played a key role in shaping U.S. monetary policy and is widely regarded as one of the most influential economists of his time.

I always believed in animal spirits. It's not their existence that is new. It's the fact that they are not random events, but actually replicate in-bred qualities of human nature which create those animal spirits.

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.

The purpose of a politician is to be a leader. A politician has to lead. Otherwise he's just a follower.

If I turn out to be particularly clear, you've pro... -Alan Greenspan

If I turn out to be particularly clear, you've probably misunderstood what I've said.

Much fiscal policy is implemented, not through spending increases, but through tax credits and other so-called tax expenditures. The markets should respond to them as they do spending cuts, with little contraction in economic activity.

Markets do very weird things because it reacts to how people behave, and sometimes people are a little screwy.

Fear is a far more dominant force in human behaviour than euphoria - I would never have expected that or given it a moment's thought before, but it shows up in the data in so many ways.

We need, in effect, to make the phantom 'lock-boxe... -Alan Greenspan

We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.

Discovering the context

The quote suggests the need for concrete measures and safeguards to protect the integrity and purpose of a trust fund, indicating a desire to ensure that funds designated for specific purposes are not misused or diverted.

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.

The person I liked the best was Gerald R. Ford. He was the most decent man in politics I ever had any relationships with.

There is a huge number of people outside our borders who would love to come here. In fact, many of them come here, get well educated, and then are required to leave... This is a factor in income inequality.

Manufacturing capacity is not a rigid level against which one bounces. When you are dealing with a world economy, with a flexibility to employ production facilities other than one's own, then the concept of capacity is vaguer.

I stated that I'm a libertarian Republican, which means I believe in a series of issues, such as smaller government, constraint on budget deficits, free markets, globalization, and a whole series of other things, including welfare reform.

Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.

Bitcoin is really a fascinating example of how human beings create value, and is not always rational... tt is not a rational currency in that case.

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.