Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my view is I don't think we can play subtle policy here.
Alan GreenspanImprovements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
Alan GreenspanAnyone willing to do what is required to become president of the United States is thereby barred from taking that office. I'm only half joking
Alan GreenspanI do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives. But material success is possible in this world and far more satisfying when it comes without exploiting others.
Alan GreenspanCash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
Alan Greenspan