Alan Greenspan Quotes

Enjoy the best inspirational, motivational, positive, funny and famous quotes by Alan Greenspan. Use words and picture quotations to push forward and inspire you keep going in life!

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Image, Stripped of its academic jargon, the welfare state is nothing more than

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Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes. A substantial part of the confiscation is effected by taxation. But the welfare statists were quick to recognize that if they wished to retain political power, the amount of taxation had to be limited and they had to resort to programs of massive deficit spending, i.e., they had to borrow money,by issuing government bonds, to finance welfare expenditures on a large scale.

Alan Greenspan

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Image, The recent period has been marked by a transformation to an economy

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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses...While these tendencies were no doubt in train in the "old," pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.

Alan Greenspan