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
There is a limit to how much the United States Treasury can borrow. Alan Greenspan borrowlimitstate 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
Most high-income people in our country do not realize that their incomes are being subsidized by their protection from competition from highly skilled people who are prevented from immigrating to the United States. But we need such skills in order to staff our productive economy, so that the standard of living for Americans as a whole can grow. Alan Greenspan americancompetitioncountry share on social
The culture of Greece is not the same as the culture of Germany, and to fuse them into a single unit is extremely difficult. Alan Greenspan culturedifficultextremely Change image and share on social
We really can't forecast all that well, and yet we pretend that we can, but we really can't. Alan Greenspan forecastpretend Change image and share on social
I've always considered myself more of a mathematician than a psychologist. Alan Greenspan considerhavemathematician Change image and share on social
The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default. Alan Greenspan debtdefaultmoney Change image and share on social
One of the major problems with China is that its innovation is largely borrowed technology. Alan Greenspan borrowchinainnovation 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