Alan Greenspan 2

You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.
Alan Greenspan

Putin probably, almost certainly, thinks that one of the great disasters of the 20th century was the demise of the Soviet Union. It’s very obvious that he’s trying to work its way back and maintain something similar to that sort of institution.
Alan Greenspan

I’ve been around long enough to know that a good deal of the praise heaped on me I had nothing to do with. The only thing I did object to was the fact that where the criticism was actually wrong. Did it bother me? Of course it bothered me. But I’ve been around long enough to have ups and downs. So you get over it.
Alan Greenspan

Unless you are willing to compromise, society cannot live together.
Alan Greenspan

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

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

Fear invariably and universally induces disengagement, and disengagement is negative division of labor.
Alan Greenspan

The central focus of what we are doing at the Fed is to keep inflation from accelerating – and preferably decelerating.
Alan Greenspan

I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
Alan Greenspan

We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
Alan Greenspan

I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
Alan Greenspan

I’ve always considered myself more of a mathematician than a psychologist.
Alan Greenspan

The only thing that was economic, I might say, about my music career, aside from the fact that I did everybody’s tax returns in the band, was the decision I made to leave the music business on economic grounds.
Alan Greenspan

I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading. So I made an economic decision, and it turned out the best judgment I ever made in my life.
Alan Greenspan

I wasn’t able to do much reading when I was chairman of the Reserve Board. The workload was too large, and the luxury of reading was not available to me. So I caught up a good deal when I left office.
Alan Greenspan

It is very difficult to predict when a bond crisis could happen.
Alan Greenspan

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

One of the major problems with China is that its innovation is largely borrowed technology.
Alan Greenspan

The problem is you cannot have free global trade with highly restrictive, regulated domestic markets.
Alan Greenspan

There is a limit to how much the United States Treasury can borrow.
Alan Greenspan

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

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

There’s no other job in public life that is like chairman of the Fed.
Alan Greenspan

Since 1948 I have spent every single day thinking how the economic and political worlds have changed.
Alan Greenspan

The purpose of a politician is to be a leader. A politician has to lead. Otherwise he’s just a follower.
Alan Greenspan

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

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