As I have said previously to this committee, because of the nature of the type of acceleration in productivity and dynamic change that is occurring in the American economy, my first priority would be to allow as much of the surplus to flow through into a reduction in debt to the public,
More Quotes from Alan Greenspan:
...most of the gains in the level and the growth rate of productivity in the United States since 1995 appear to be structural, largely driven by advances in technology and its application -- irreversible in the sense that knowledge once gained is almost never lost,Alan Greenspan
investing Social Security trust fund assets in equities compromises the efficient allocation of our capital -- whichis so essential to raising our standards of living.
Alan Greenspan
Until market forces, assisted by a vigilant Federal Reserve, affect the necessary alignment of aggregate demand with the growth of potential aggregate supply, the full benefits of innovative productivity acceleration are at risk of being undermined by financial and economic instability,
Alan Greenspan
Most people are so traumatized that the thought of doing anything other than preserving cash is not first on their agenda, ... If you wait too long, you lose your window of opportunity, but there's no need to move forward before the August recess.
Alan Greenspan
Maybe he will act more to target inflation and be more strict
Alan Greenspan
Many homeowners might have saved tens of thousands of dollars had they held adjustable-rate mortgages rather than fixed-rate mortgages during the past decade.
Alan Greenspan
Readers Who Like This Quotation Also Like:
Based on Topics: America Quotes, Committees Quotes, Debts Quotes, Nature QuotesThat was like throwing three pickled onions into a thimble!
Sid Waddell
I guess everything having to do with your background has some influence on how you tell stories but it's hard to parse how growing up in a Jewish community in Minnesota really affected it.
Joel Coen
AIDS does not inevitably lead to death, especially if you suppress the co-factors that support the disease. It is very important to tell this to people who are infected.
Luc Montagnier