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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.

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
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Default
Always
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Print
Zero
Debt
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More quotes by Alan Greenspan

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If we are to remain preeminent in transforming knowledge into economic value, America's system of higher education must remain the world's leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
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The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.
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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.
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There is no evidence that the business cycle has been repealed.
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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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Without calling the overall national issue a bubble, it's pretty clear that it's an unsustainable underlying pattern.
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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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The free lunch has still to be invented.
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We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
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Revolutions are something you see only in retrospect.
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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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How do we know when irrational exuberance has unduly escalated asset values?
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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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If I've made myself clear, I've misspoken.
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Significantly opening up immigration to skilled workers solves two problems. The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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The number one problem in today's generation and economy is the lack of financial literacy.
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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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Well, you probably will always believe there should be laws against fraud, and I don't think there is any need for a law against fraud.
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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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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of that stuff.
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