Alan Greenspan Quotes About Self Interest

Quotes about: Self Interest

• I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.

  Alan Greenspan

  Mistake, Self, Made

  " Greenspan - I was wrong about the economy. Sort of" by Andrew Clark and Jill Treanor, www.theguardian.com. October 23, 2008.

• Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices. It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.

  Alan Greenspan

  Integrity, Self Esteem, Mean

  "Word for Word/'Greenspan Shrugged'; When Greed Was a Virtue And Regulation the Enemy" by Bill Goldstein, www.nytimes.com. July 21, 2002.

• We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures. Those of us who have looked to the self-interest of lending institutions to protect shareholders' equity are in a state of shocked disbelief.

  Alan Greenspan

  Government, Self, Credit

  "Greenspan Admits Free Market Ideology Flawed". "Morning Edition" with Steve Inskeep, www.npr.org. October 24, 2008.

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