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Alan Greenspan

Alan Greenspan Books

Economist

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“Winston Churchill once said to his fellow countrymen, “We have not journeyed across the centuries, across the oceans, across the mountains, across the prairies, because we are made of sugar candy.” Today, thanks to a malign combination of litigation, regulation, and pedagogical fashion, sugar-candy people are everywhere.”

CultureWinston ChurchillAntifragilitySafetyism
Book:Capitalism in America: An Economic History of the United States
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“America’s rise to greatness has been marred by numerous disgraces, prime among them the mistreatment of the aboriginal peoples and the enslavement of millions of African Americans. Yet judged against the broad sweep of history, it has been a huge positive. America has not only provided its own citizens with a prosperous life. It has exported prosperity in the form of innovations and ideas. Without America’s intervention in the Second World War, Adolf Hitler might well have subdued Europe. Without America’s unwavering commitment to the Cold War, Joseph Stalin’s progeny might still be in power in Eastern Europe and perhaps much of Asia. Uncle Sam provided the arsenal of democracy that saved the twentieth century from ruin.”

LiberalismAmerican HistoryUnited States Of AmericaWorld History
Book:Capitalism in America: An Economic History of the United States
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“America has been much better than almost every other country at resisting the temptation to interfere with the logic of creative destruction. In most of the world, politicians have made a successful business out of promising the benefits of creative destruction without the costs. Communists have blamed the costs on capitalist greed. Populists have blamed them on sinister vested interests. European-style socialists have taken a more mature approach, admitting that creation and destruction are bound together, but claiming to be able to boost the creative side of creative destruction while eliminating the destructive side through a combination of demand management and wise intervention. The result has usually been disappointing: stagnation, inflation, or some other crisis.”

United States Of AmericaEconomic PolicyCreative DestructionEconomic Liberalism
Book:Capitalism in America: An Economic History of the United States
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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.”

YearsFirstsImportantHardCreativeStageExampleBenefitsDestructionRateWaveEnormousRailDeregulationCreative Destruction
Book:The Age of Turbulence: Adventures in a New World
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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.”

ThinkingYearsLooksEndsPlayProblemViewsCuttingPolicyProveTaxesProgramSpendingFavorsThe End Of The DaySubtleBorrowedTax CutsAnd At The End Of The DayBorrowed Money
Author:Alan Greenspan
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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.”

ShouldWellsSuccessFoundViewsDealsBusinessGreaterAchieveHonestHonestyGreatnessAchievementFindingsSelf ImprovementGainsSatisfactionBeing HonestPartnershipBusiness SuccessStrictKey To SuccessRoad To SuccessRecipe For SuccessMotivational BusinessDealingsAchieving SuccessAdherenceSelf-satisfactionBusiness Partners
Author:Alan Greenspan
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