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When trust is lost, a nation's ability to transact business is palpably undermined.

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
Ability
Business
Lost
Palpably
Transact
Undermined
Nation
Trust
Nations

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I'm a better economist than I was a sax player.
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Without calling the overall national issue a bubble, it's pretty clear that it's an unsustainable underlying pattern.
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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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The number one problem in today's generation and economy is the lack of financial literacy.
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Deficit spending is simply a scheme for the confiscation of wealth.
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If you think you understand what I am saying you do not understand what I am saying.
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Amateurs want to be right. Professionals want to make money.
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Anything that we can do to raise personal savings is very much in the interest of this country.
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It's hard to overemphasize how important Ford's deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first. Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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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.
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There is no evidence that the business cycle has been repealed.
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The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.
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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.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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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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