Alan Greenspan Process Quotations

We are seeing an evolving new international economy. We are in the process of learning how it works as we are doing it, ... Fortunately, the trauma that came out of the Russian default created so much risk aversion ... we probably have time to be deliberative in determining how the (international monetary) structure ought to be structured.

The process of innovation is, of course, never ending.

There are powerful reasons to suspect that the elimination of the double taxation of dividends and cuts in marginal tax rates will elevate long-term productivity, ... If, however, in the process we get a significant increase in deficits, which induce a rise in long-term interest rates, that will be a significant undercutting of the benefits achieved by tax cuts.

We've come a long way through this adjustment process and we're still standing and that's good news, ... is still not doing well but (is) far better given what has happened than I would have forecast six, eight, nine months ago.

The United States has been in the forefront of the postwar opening up of international markets, much to our, and the rest of the world's, benefit, ... It would be a great tragedy were that process reversed.

a process that has undoubtedly improved national productivity growth and standards of living.

Before the recovery process gets under way, stability will need to be restored to the American economy and to others around the world,

The type of economy that we are dealing with at this particular stage is, I suspect, one that none of us has seen before, and indeed it may be unprecedented in our history, ... Our basic purpose is to keep that process going.