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Alan Greenspan – 11 Quotes

 

11 Quotes by Alan Greenspan

 

I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.

– Alan Greenspan


I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.

– Alan Greenspan


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


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

– Alan Greenspan


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.

– Alan Greenspan


An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense… that gold and economic freedom are inseparable.

– Alan Greenspan


I’ve been in and out of Wall Street since 1949, and I’ve never seen the type of animosity between government and Wall Street. And I’m not sure where it comes from, but I suspect it’s got to do with a general schism in this society which is really becoming ever more destructive.

– Alan Greenspan


History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

– 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


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


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

– Alan Greenspan