Alan Greenspan Quotes About Self Interest

• 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.

• Cometí un error al suponer que los intereses propios de las organizaciones, concretamente de los bancos y otros, eran tales que lo mejor que podían hacer era proteger a sus propios accionistas y su participación en las empresas.

  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.

• 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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