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Alan Greenspan Quotes

American - Economist | March 6, 1926 -

We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.

Trust Need Real Make Effect Around

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.

Competition People Grow Living Need

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense... that gold and economic freedom are inseparable.

Freedom Gold Seem Economic Sense

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.

Lose Create Will Little Jobs Surely

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.

Money Day Think End Of The Day End

I've always considered myself more of a mathematician than a psychologist.

Myself More Always Than Psychologist

Crony capitalism is essentially a condition in which... public officials are giving favours to people in the private sector in payment of political favours.

People Capitalism Political Giving

I always believed in animal spirits. It's not their existence that is new. It's the fact that they are not random events, but actually replicate in-bred qualities of human nature which create those animal spirits.

Nature Animal Random Human Nature

What a sound money system does is to stabilize all the elements in it, and reduces the uncertainty that people confront. And the one thing all human beings do when they are confronted with uncertainty is pull back, withdraw, disengage, and that means economic activity, which is really dealing with people, just goes straight down.

Money People Uncertainty Back Down

Anything that we can do to raise personal savings is very much in the interest of this country.

Country Personal Savings Anything

Much fiscal policy is implemented, not through spending increases, but through tax credits and other so-called tax expenditures. The markets should respond to them as they do spending cuts, with little contraction in economic activity.

Tax Policy Through Respond Little

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.

Confidence Future People Saying You

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