46 Alan Greenspan Quotes for You to Enjoy

Alan Greenspan

American Economist

Born: Mar 6, 1926

Nature People Society Which Will You

Related authors: Herbert A. Simon John Kenneth Galbraith Milton Friedman Paul A. Volcker Peter Navarro Richard Thaler Robert Reich Thomas Sowell

Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of that stuff. Alan Greenspan

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. Alan Greenspan

Fear Thought Before Ways Would Data Given More Never Force Up Dominant Dominant Force Than Expected Behaviour Human Human Behaviour Far Euphoria Moment Many Shows

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

Success You Strict Those Adherence Through Well Greater Deal Dealing Than Achieving Gain Should View Satisfaction Found Honest

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

Education You Communication Will Solid Solid Foundation Both Soon Importance Learn Verbal Did Literacy Succeed Communication Skills Skills Foundation Basics Numerical

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

You Out Clear Particularly Said Misunderstood Turn

Any informed borrower is simply less vulnerable to fraud and abuse. Alan Greenspan

Finance Fraud Borrower Simply Abuse Vulnerable Any Informed Less

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 Greenspan

You Own Able Through Casualties True Content True Measure Without Proud Leaving Wake Trail Endeavors Succeeded Your Measure Even Career

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

Finance Nature Failure Long Unless Contagion Debt Very Cannot Profitable

Whatever you tax, you get less of. Alan Greenspan

You Whatever Get Tax Less

The only way you get economic progress, real standards of living moving higher, is to have the savings of the society continuously invested in the cutting-edge technologies. And those technologies which are obsolescent get dropped out. Alan Greenspan

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

Follower Leader Politician Otherwise Purpose Lead He Just

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. Alan Greenspan

Government Welfare Free Believe Other Stated Deficits Markets Libertarian Constraint Free Markets Smaller Smaller Government Budget Budget Deficits Welfare Reform Globalization Issues Reform Which Republican Means Whole Series Including Things

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. Alan Greenspan

Love People Our Would Borders Fact Factor Outside Come Well Well-Educated Inequality Leave Educated Huge Huge Number Get Get Well In Fact Them Then Required Who Many Income Income Inequality Here Number

Fear invariably and universally induces disengagement, and disengagement is negative division of labor. Alan Greenspan

Fear Negative Invariably Division Labor Disengagement Universally

Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds. Then fear hits, and it comes down very sharply. When I started to look at that, I was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart. Alan Greenspan

Fear Fall Down Critical Slowly Bubbles Contagion Sharply Look Forces Sort Builds Causes Go Intellectually Up Dominant Very Shocked Hits Size Which Apart Then Euphoria Many Thing Started Phenomenon

I've been around long enough to know that a good deal of the praise heaped on me I had nothing to do with. The only thing I did object to was the fact that where the criticism was actually wrong. Did it bother me? Of course it bothered me. But I've been around long enough to have ups and downs. So you get over it. Alan Greenspan

Good Me You Ups And Downs Criticism Long Nothing Enough Object Only Fact Bother Bothered Had Wrong Over Over It Know Course Around Deal Praise Been Get Did Ups Where The Only Thing Good Deal Downs Actually Thing

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

Trust Make Around Real Effect Trust Fund Fund Phantom Need

There are winners and there are losers. And as much as we would like to help the losers, if we do it in the way that directs the limited capital of the society to support the low-productivity parts of the economy, it means that the rest of the economy - our overall standard of living - will not rise as much as it could. Alan Greenspan

We really can't forecast all that well, and yet we pretend that we can, but we really can't. Alan Greenspan

Pretend Well Forecast Really

We're a democratic society. Shutting down the government should not be on the agenda. Alan Greenspan

Government Down Society Democratic Democratic Society Agenda Should Shutting

Increased jobs are the consequence of increased trade. Increasing jobs more than output implies a fall in productivity and standards of living. That surely cannot be our goal. Alan Greenspan

Fall Living Increased Increasing Our Jobs More Output Implies Surely Trade Goal Than Cannot Productivity Standards Consequence

One of the problems with hedge funds is that they are changing so rapidly. If you have the balance sheet that closed business last night, by 11 A.M. this morning, that won't tell you very much about what they're doing. Alan Greenspan

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