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Alan Greenspan

Alan Greenspan Quotes

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Famous Alan Greenspan Quotes

“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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“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.”

NeedsSometimesChoicesGivenDecisionEconomyPathRiskPolicyParticularKeysCostBenefitsJudgmentAspectManagementVariousAlternativesOutcomesMakersProbabilityDistributionIncompleteRisk ManagementCentral BanksDecision MakersIncomplete Knowledge
Author:Alan Greenspan
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“I don't think it's possible for the Fed to end its easy-money policies in a trouble-free manner. Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets, so there is no reason to suspect that the actual process of boosting rates would be any different. I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.”

ThinkingDifferentRealEndsReasonWould BeEasyProcessInterestTroublePolicyHigherPressureRateSignificantOfficialsNo ReasonFedsSuspectsEpisodesReservesFederal ReserveInterest RateInitiationUnleashedVolatilityEasy Money
Author:Alan Greenspan
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