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If I say something which you understand fully in this regard, I probably made a mistake.
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
Made
Something
Fully
Regard
Mistake
Probably
Understand
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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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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.
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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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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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Whatever you tax you get less of.
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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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If prices go down, we will have problems - problems in the sense of spillover to other areas.
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I'm a better economist than I was a sax player.
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I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I'm running into the tyranny of zero, which is where you can't reduce (the debt) any more
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I'm always amazed that my wife can handle different subjects - one day politics, the next day foreign policy. And she always has so much fun doing it. We make a good team.
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There are no easy choices. Easy choices are long gone.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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You can't have the capitalist system if an increasing number of people think it is unjust.
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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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Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my view is I don't think we can play subtle policy here.
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People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward. The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I'm only half joking
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