Phrase by 'Alan Greenspan'
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of that stuff.
Author: Alan Greenspan - American EconomistWay , Nature , Corruption , Human Nature
To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills.
Author: Alan Greenspan - American EconomistYou , Education , Communication , Succeed
Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds. Then fear hits, and it comes down very sharply. When I started to look at that, I was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
Author: Alan Greenspan - American EconomistLook , Down , Fear , Fall
Any informed borrower is simply less vulnerable to fraud and abuse.
Author: Alan Greenspan - American EconomistFinance , Abuse , Fraud , Informed
I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.
Author: Alan Greenspan - American EconomistYou , Said , Turn , Misunderstood
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.
Author: Alan Greenspan - American EconomistLong , Nature , Failure , Finance
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.
Author: Alan Greenspan - American EconomistFree , Believe , Government , Globalization
Diplomacy is really far less important than the stock movements within Russia.
Author: Alan Greenspan - American EconomistImportant , Far , Russia , Diplomacy
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.
Author: Alan Greenspan - American EconomistValue , Gold , Way , Finance
If somebody had said to me in June or July of 1987, 'We'd like you to become chairman of the Federal Reserve, but you're never allowed to discuss any economics after you leave,' I'd have said, 'Forget it.' What do they want me to do? Become an anthropologist?'
Author: Alan Greenspan - American EconomistYou , Me , Forget , Economics
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