Alan Greenspan Quotes

The hey day when a high school or college education would serve a graduate for a lifetime is gone, ... Today's recipients of diplomas expect to have many jobs and to use a wide range of skills over their working lives.

#College

Large deficits will result in rising interest rates and an ever-growing ratio of debt service to GDP (gross domestic product),

#Debt

I find it utterly inconceivable, frankly, that we can have the type of potential fiscal outlook, which now confronts us over the next 15 to 20 years which, unless addressed, will not have a significant impact on long-term interest rates,

#Potential

In retrospect, I see nothing that we did that was inappropriate in terms of policy,

#Inappropriate

More uncertainty, however, surrounds the outlook for inflation,

#Inflation

Whether those adjustments are wrenching will depend ... on the degree of economic flexibility that we and our trading partners maintain, and I hope enhance, in the years ahead,

#Flexibility

At present, the Social Security trustees estimate that the unfunded liability over the indefinite future to be $10.4 trillion, ... The shortfall in Medicare is calculated at several multiples of the one in Social Security.

#Future

It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making.

#Experience

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.

#American Economist

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

#American Economist

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.

#Education #American Economist

Anything that we can do to raise personal savings is very much in the interest of this country," Greenspan said.

#Country

It is decidedly not true that "nice guys finish last," as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.

#Baseball

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.

#American Economist #Gold

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.

#American Economist #Gold

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

#American Economist #Abuse

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.

#American Economist

The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.

#Ability

We have a moral obligation to use our prosperity at this moment, especially to uplift communities in poverty,

#Obligation

I thought that the initiative that the Senate produced was very important and very effective,

#Senate

The fundamentals are in place for a return to sustained healthy growth,

#Growth

Whatever you tax, you get less of.

#American Economist

as many uncertainties over the next 18 years as it has over the past 18.

#Past

There are no easy choices. Easy choices are long gone,

#Choices

If we delay, the adjustments could be abrupt and painful,

#Delay

There is a palpable unease that businesses and jobs are being drained from the United States, with potentially adverse long-run implications for unemployment and the standard of living of the average American,

#Jobs