Alan Greenspan Quotes & Sayings (Page 2)

“Finance is wholly different from the rest the economy.”

“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.”

“Any informed borrower is simply less vulnerable to fraud and abuse.”

“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.”

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

“Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.”

“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.”

“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 invariably and universally induces disengagement, and disengagement is negative division of labor.”