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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.

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Famous Alan Greenspan Quotes

“The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that's likely to change for the better.”

Needs Difficult Numbers Economy Findings Credit Firm Change For The Better Lag

Author:Alan Greenspan

“A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years.”

Needs Years Home Levels Built Majority Significant Despite Decline Equity Housing Triggers Mortgage Withdrawal Homeowners Foreclosure Home Equity

Author:Alan Greenspan

“The need for values is inbred. Their content is not.”

Needs Values Inbreds

Book:The Age of Turbulence: Adventures in a New World

Source: The Age of Turbulence: Adventures in a New World

“We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.”

Needs Real Effects Boxes Fund Locks Phantoms Trust Funds

Author:Alan Greenspan

“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.”

Thinking Needs Should Believe Wells Law Investing Fraud Always Believe

Author:Alan Greenspan

“At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable, and the percentage changes in wage rates would be the same for all job grades.”

Ifs Needs Would Be Jobs Force Risk Skills Complexes Rate Grades Stable Composition Percentages Oversimplification

Author:Alan Greenspan

“What an ideology is is a conceptual framework with the way people deal with reality. Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.”

People Way Needs Reality Deals Ideology Accurate Framework Conceptual Framework

Author:Alan Greenspan

“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.”

People Needs Two Problem Company Workers Solve Driving Immigration Income Opening Educated Opening Up Skilled Workers

Author:Alan Greenspan

“Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank... need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path. They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.”

“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.”

Ifs Needs Doe Real Jobs Economy Concerned Financial Productions Assets Stability Bubbles Bankers Price Stability

Book:The Age of Turbulence: Adventures in a New World

Source: The Age of Turbulence: Adventures in a New World

About the Author

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

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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

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