Home / Authors / Alan Greenspan

Alan Greenspan

Alan Greenspan Quotes

Economist

Alan Greenspan, born on March 6, 1926, is an accomplished economist from the United States. He has made significant contributions to the field of economics and has had a profound impact on the global financial system as the Chairman of the Federal Reserve System.

Filter quotes by topic

All Ifs Economy Financial Finance Gold Business Needs Risk Values Problem Business Success Seems Self Improvement Way Assets Economic Has Beens Knows People Policy

Famous Alan Greenspan Quotes

“I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.”

Long Real Would Be Interest Economy Increase Rate Debt Productivity Income Finance Saving Beneficial Savings Interest Rate National Debt

Author:Alan Greenspan

“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.”

Source: Capitalism: The Unknown Ideal

“Any informed borrower is simply less vulnerable to fraud and abuse.”

Success Money Business Self Improvement Abuse Finance Vulnerable Fraud Business Success Hype Borrowers

Author:Alan Greenspan

“To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills.”

Success Business Education Communication Succeed Skills Self Improvement Importance Foundation Finance Communication Skills Business Success Literacy Basics Solid Foundation Verbal Communication

Author:Alan Greenspan

“Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.”

“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.”

Running Certain Crisis Institutions Structure Financial Finance Vulnerability Tested Participants

Author:Alan Greenspan

“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.”

Long Debt Finance Profitable Contagion

Author:Alan Greenspan

“It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a person's ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making”

“By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.”

Has Beens Past Events Development Extraordinary Financial Decades Significant Finance Expansion Derivatives Significant Events

Author:Alan Greenspan

“It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade. The worst have failed; investors no longer fund them and are not likely to in the future.”

Seems Past Business Worst Financial Decades Finance Fund Contracts Investors Trading Innovative Superfluous Derivatives Constrain

Author:Alan Greenspan

“What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn't be taking it to those who are willing to and are capable of doing so.”

Years Has Beens Found Business Risk Willing Capable Finance Vehicle Marketplace Transfers Derivatives

Author:Alan Greenspan

About the Author

Born: March 6, 1926
Known for: Economist
Quotes: 146

Related Topics

Ifs Economy Financial Finance Gold Business Needs Risk Values Problem Business Success Seems Self Improvement Way Assets Economic Has Beens Knows People Policy

Popular Topics

People Ifs Thinking Knows Men World Way Want Love Life Inspirational Needs Giving Feels Should Writing Trying Years Mind Firsts

Books & Sources

The Age of Turbulence: Adventures in a New WorldRelated source material

Capitalism: The Unknown IdealRelated source material

Capitalism in America: An Economic History of the United StatesRelated source material

Similar Authors

Ben BernankeBrowse related quotes
Bernard EbbersBrowse related quotes
David BachBrowse related quotes
Marc FaberBrowse related quotes
Paul VolckerBrowse related quotes
Suze OrmanBrowse related quotes
George SorosBrowse related quotes
Paul KrugmanBrowse related quotes
Joseph StiglitzBrowse related quotes
Michael HudsonBrowse related quotes