One of the major problems with China is that its innovation is largely borrowed technology. Alan Greenspan borrowchinainnovation Change image and share on social
It's hard to tell which assets will be toxic. The best way to ensure that only shareholders and banks feel it is have adequate capital. Alan Greenspan adequateassetbank Change image and share on social
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. Alan Greenspan absenceconfiscationgold Change image and share on social
I wasn't able to do much reading when I was chairman of the Reserve Board. The workload was too large, and the luxury of reading was not available to me. So I caught up a good deal when I left office. Alan Greenspan boardcatchchairman Change image and share on social
The purpose of a politician is to be a leader. A politician has to lead. Otherwise he's just a follower. Alan Greenspan followerleadleader Change image and share on social
There are winners and there are losers. And as much as we would like to help the losers, if we do it in the way that directs the limited capital of the society to support the low-productivity parts of the economy, it means that the rest of the economy - our overall standard of living - will not rise as much as it could. Alan Greenspan capitaldirecteconomy share on social
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. Alan Greenspan borrowcutday share on social
There is a huge number of people outside our borders who would love to come here. In fact, many of them come here, get well educated, and then are required to leave... This is a factor in income inequality. Alan Greenspan bordereducatefact share on social
The central focus of what we are doing at the Fed is to keep inflation from accelerating - and preferably decelerating. Alan Greenspan acceleratecentraldecelerate Change image and share on social
The only way you get economic progress, real standards of living moving higher, is to have the savings of the society continuously invested in the cutting-edge technologies. And those technologies which are obsolescent get dropped out. Alan Greenspan continuouslycutdrop share on social