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I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.

Alan Greenspan

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Alan Greenspan
Age: 98
Born: 1926
Born: March 6
Banker
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Jazz Musician
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New York City
New York
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More quotes by Alan Greenspan

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I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.
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I'm a better economist than I was a sax player.
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Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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Whatever you tax you get less of.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
Alan Greenspan
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The tub helps me relax, and it's a great place to read.
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The free lunch has still to be invented.
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Institutions of the newer participants in global finance had not been tested, until recently...recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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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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All taxes are a drag on economic growth. It's only a question of degree.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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The process of innovation is, of course, never ending.
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The number one problem in today's generation and economy is the lack of financial literacy.
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The need for values is inbred. Their content is not.
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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary, ... Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.
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