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Manufacturing capacity is not a rigid level against which one bounces. When you are dealing with a world economy, with a flexibility to employ production facilities other than one's own, then the concept of capacity is vaguer.

» Alan Greenspan (1926-?) American Economist

Markets do very weird things because it reacts to how people behave, and sometimes people are a little screwy.

» Alan Greenspan (1926-?) American Economist

There is a limit to how much the United States Treasury can borrow.

» Alan Greenspan (1926-?) American Economist

Much fiscal policy is implemented, not through spending increases, but through tax credits and other so-called tax expenditures. The markets should respond to them as they do spending cuts, with little contraction in economic activity.

» Alan Greenspan (1926-?) American Economist

I'm a free-market economist from years and years back, and I've never veered from that.

» Alan Greenspan (1926-?) American Economist

Diplomacy is really far less important than the stock movements within Russia.

» Alan Greenspan (1926-?) American Economist

We really can't forecast all that well, and yet we pretend that we can, but we really can't.

» Alan Greenspan (1926-?) American Economist

It is very difficult to predict when a bond crisis could happen.

» Alan Greenspan (1926-?) American Economist

Increased jobs are the consequence of increased trade. Increasing jobs more than output implies a fall in productivity and standards of living. That surely cannot be our goal.

» Alan Greenspan (1926-?) American Economist

If I turn out to be particularly clear, you've probably misunderstood what I've said.

» Alan Greenspan (1926-?) American Economist

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

» Alan Greenspan (1926-?) American Economist

I think the whole issue of a debt ceiling makes no sense to me whatsoever. Anybody who is remotely adroit at arithmetic doesn't need a debt ceiling to tell you where you are.

» Alan Greenspan (1926-?) American Economist

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.

» Alan Greenspan (1926-?) American Economist

Anything that we can do to raise personal savings is very much in the interest of this country.

» Alan Greenspan (1926-?) American Economist

The central focus of what we are doing at the Fed is to keep inflation from accelerating - and preferably decelerating.

» Alan Greenspan (1926-?) American Economist

The problem is you cannot have free global trade with highly restrictive, regulated domestic markets.

» Alan Greenspan (1926-?) American Economist

If somebody had said to me in June or July of 1987, 'We'd like you to become chairman of the Federal Reserve, but you're never allowed to discuss any economics after you leave,' I'd have said, 'Forget it.' What do they want me to do? Become an anthropolog

» Alan Greenspan (1926-?) American Economist

It's only when the markets are perceived to have exhausted themselves on the downside that they turn. Trying to prevent them from going down just merely prolongs the agony.

» Alan Greenspan (1926-?) American Economist

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30 November 2025

One of the surest evidences of friendship that one individual can display to another is telling him gently of a fault. If any other can excel it, it is listening to such a disclosure with gratitude, and amending the error.

Edward G. Bulwer-Lytton

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