Increased jobs are the consequence of increased trade. Increasing jobs more than output implies a fall in productivity and standards of living. That surely cannot be our goal. Alan Greenspan consequencefallgoal Change image and share on social
It is very difficult to predict when a bond crisis could happen. Alan Greenspan bondcrisisdifficult Change image and share on social
What I see in the corporate sector is very clearly an issue of a major shortfall in the issue of, what some people call confidence, but whatever you want to call it. Clearly people are looking out in the very distant future and they are saying that it is too complex. Alan Greenspan callcomplexconfidence share on social
We need, in effect, to make the phantom 'lock-boxes' around the trust fund real. Alan Greenspan boxeffectfund Change image and share on social
Chinese productivity is the highest in the world but the way they do it is by borrowing the technology from abroad, either by joint ventures or other means. Alan Greenspan abroadborrowchinese Change image and share on social
The problem is you cannot have free global trade with highly restrictive, regulated domestic markets. Alan Greenspan domesticfreeglobal Change image and share on social
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. Alan Greenspan contagiondebtfailure Change image and share on social
History has not dealt kindly with the aftermath of protracted periods of low risk premiums. Alan Greenspan aftermathdealhistory Change image and share on social
Markets do very weird things because it reacts to how people behave, and sometimes people are a little screwy. Alan Greenspan behavemarketpeople 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