589 Quotes by Alan Greenspan

You can’t have the capitalist system if an increasing number of people think it is unjust.

When trust is lost, a nation’s ability to transact business is palpably undermined.

Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.

Regulation – which is based on force and fear – undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.

Greenspan, who knew so much more than most, knew far less than most supposed...

I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.

Four decades after Thomas Edison’s spectacular illumination of Lower Manhattan in 1882, electricity had done little to make the country’s factories more productive.

All taxes are a drag on economic growth. It’s only a question of degree.

In the nineteenth century, the population multiplied by a factor of almost fifteen, from 5.3 million to 76 million, a total larger than any European country except Russia. By 1890, 80 percent of New York’s citizens were immigrants or the children of immigrants, as were 87 percent of Chicago’s.