We should not be cutting taxes by borrowing, ... We do not have the capability of having both productive tax cuts and large expenditure increases, and presume that the deficit doesn't matter.
More Quotes from Alan Greenspan:
Still-significant productivity growth and a sizable margin of underutilized resources, to date, have checked any sustained acceleration of the general price level and should continue to do so for a time,Alan Greenspan
Demand has been growing quite strongly in recent months, and the (Fed monetary-policy committee) will have to judge whether that pace of expansion will be maintained (and), if so, whether it will continue to be met by solid productivity growth, as it apparently has been.
Alan Greenspan
As a nation we owe it to our retirees to promise only the benefits that can be delivered.
Alan Greenspan
Anything that we can do to raise personal savings is very much in the interest of this country.
Alan Greenspan
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
In an environment of weak financial systems, lax supervisory regimes, and vague assurances about depositor or creditor protections, the state of confidence so necessary to the functioning of any banking system was torn asunder.
Alan Greenspan
Readers Who Like This Quotation Also Like:
The public lands are a public stock, which ought to be disposed of to the best advantage for the nation.James Monroe
I tried to copy some of his mannerisms at first but it didn't work. And then I just let the spirit of the character grow in me and it just took its rightful place. I started to speak the lines and it felt right.
Derek Luke
We're the only species that have crapped up the planet and the only species that can clean it up.
Dennis Weaver