More - Alan Greenspan Quotes

The hey day when a high school or college education would serve a graduate for a lifetime is gone, ... Today's recipients of diplomas expect to have many jobs and to use a wide range of skills over their working lives.

Alan Greenspan

 College

Large deficits will result in rising interest rates and an ever-growing ratio of debt service to GDP (gross domestic product),

Alan Greenspan

 Debt

Financial markets, along with households and businesses, seem to be reasonably well prepared to cope with a transition to a more neutral stance of monetary policy, ... Although many factors may affect inflation in the short-run, inflation in the long-run, it is important to remind ourselves, is a monetary phenomenon.

Alan Greenspan

 

I find it utterly inconceivable, frankly, that we can have the type of potential fiscal outlook, which now confronts us over the next 15 to 20 years which, unless addressed, will not have a significant impact on long-term interest rates,

Alan Greenspan

 Potential

In retrospect, I see nothing that we did that was inappropriate in terms of policy,

Alan Greenspan

 Inappropriate

I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said

Alan Greenspan

 

A further rise [in fuel prices] could cut materially into private spending and thus damp the rate of economic expansion.

Alan Greenspan

 

More uncertainty, however, surrounds the outlook for inflation,

Alan Greenspan

 Inflation

Derivative instruments were bystanders, ... They may well have intensified the losses in underlying markets, but they were scarcely the major players.

Alan Greenspan

 

Whether those adjustments are wrenching will depend ... on the degree of economic flexibility that we and our trading partners maintain, and I hope enhance, in the years ahead,

Alan Greenspan

 Flexibility