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The Iraq War is largely about oil.

Alan Greenspan

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Alan Greenspan
Age: 98
Born: 1926
Born: March 6
Banker
Economist
Entrepreneur
Jazz Musician
Politician
New York City
New York
War
Largely
Oil
Iraq

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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.
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Amateurs want to be right. Professionals want to make money.
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When trust is lost, a nation's ability to transact business is palpably undermined.
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I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.
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What an ideology is is a conceptual framework with the way people deal with reality. Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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Productivity is notoriously difficult to predict.
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I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
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Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset: the increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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The free lunch has still to be invented.
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Revolutions are something you see only in retrospect.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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The tub helps me relax, and it's a great place to read.
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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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The process of innovation is, of course, never ending.
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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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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.
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Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.
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All taxes are a drag on economic growth. It's only a question of degree.
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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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