investing Social Security trust fund assets in equities compromises the efficient allocation of our capital -- whichis so essential to raising our standards of living.
More Quotes from Alan Greenspan:
With production running well below sales, the lift to income and spending from the inevitable cessation of inventory liquidation could be significant,Alan Greenspan
no doubt that the current stance of policy will need to be changed at some point.
Alan Greenspan
There are sound reasons for concluding that the long-run picture remains bright ... but I would emphasize that we continue to face significant risks in the near term,
Alan Greenspan
dramatic demographic change is certain to place enormous demands on our nation's resources.
Alan Greenspan
Whatever you tax, you get less of.
Alan Greenspan
How significant and disruptive such adjustments turn out to be is an open question, ... shocks should be largely absorbed by changes in prices, interest rates and exchange rates, rather than by wrenching declines in output and employment.
Alan Greenspan
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