I stated that I'm a libertarian Republican, which means I believe in a series of issues, such as smaller government, constraint on budget deficits, free markets, globalization, and a whole series of other things, including welfare reform. Alan Greenspan budgetconstraintdeficit share on social
I was sort of shocked when it all of a sudden turned out that I got all A's through college, with the exception of two B's in the first term. I never envisaged myself as summa cum laude. Alan Greenspan collegecumenvisage Change image and share on social
Manufacturing capacity is not a rigid level against which one bounces. When you are dealing with a world economy, with a flexibility to employ production facilities other than one's own, then the concept of capacity is vaguer. Alan Greenspan bouncecapacityconcept 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
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
It's only when the markets are perceived to have exhausted themselves on the downside that they turn. Trying to prevent them from going down just merely prolongs the agony. Alan Greenspan agonydownsideexhaust Change image and share on social
I'm a free-market economist from years and years back, and I've never veered from that. Alan Greenspan backeconomistfree Change image and share on social
Fear invariably and universally induces disengagement, and disengagement is negative division of labor. Alan Greenspan disengagementdivisionfear Change image and share on social
Any informed borrower is simply less vulnerable to fraud and abuse. Alan Greenspan abuseborrowerfraud Change image and share on social
I think the whole issue of a debt ceiling makes no sense to me whatsoever. Anybody who is remotely adroit at arithmetic doesn't need a debt ceiling to tell you where you are. Alan Greenspan adroitarithmeticceil Change image and share on social