“I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.”

Source: 2000s, The Age of Turbulence (2008), Chapter Ten, "Downturn", p. 218.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits." by Alan Greenspan?

Alan Greenspan51

13th Chairman of the Federal Reserve in the United States 1926

Related quotes

“I repeat: our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve--and I believe this can be done--a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: 1962, Address and Question and Answer Period at the Economic Club of New York

“At any moment there is certainly not balanced trade between the various areas of the habitable globe that happens to be under separate national governments — there is an ever-changing pattern of deficits and surpluses.”

Joan Robinson (1903–1983) English economist

Source: Contributions to Modern Economics (1978), Chapter 19, The Need For A Reconsideration, p. 218

“I came to realize that if people could make me angry they could could control me. Why should I give someone else such power over my life?”

Ben Carson book Gifted Hands: The Ben Carson Story

Source: Gifted Hands: The Ben Carson Story

“I now say that the world has the technology – either available or well advanced in the research pipeline – to feed on a sustainable basis a population of 10 billion people. The more pertinent question today is whether farmers and ranchers will be permitted to use this new technology? While the affluent nations can certainly afford to adopt ultra low-risk positions, and pay more for food produced by the so-called “organic” methods, the one billion chronically undernourished people of the low income, food-deficit nations cannot.”

Norman Borlaug (1914–2009) American biologist

30th Anniversary Lecture, The Norwegian Nobel Institute, Oslo, September 8, 2000; Quoted in: Ronald Bailey (2002) Global warming and other eco-myths. p. 59

“I could end the deficit in five minutes. You just pass a law that says that any time there's a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.”

Warren Buffett (1930) American business magnate, investor, and philanthropist

Interview on CNBC http://www.cnbc.com/id/43670783 (1 July 2011)

“Perhaps the most profound synthesis of physical sciences came from the realization that everything could be understood from "conservation laws" and symmetry principals.”

Didier Sornette (1957) French scientist

Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 5, Modeling Financial Bubbles And Market Crashes, p. 136

“It is paradoxical that an administration that came to office rejecting the whole apparatus of Keynesian economics finds itself presiding over a stream of what threaten to be permanent deficits.”

Thomas J. Sargent (1943) American economist

Thomas J. Sargent "Back to Basics On Budgets", The New York Times (August 10, 1983).

“Economists of the modern school will no doubt protest that I have said nothing of the use of budget deficits or surpluses for the control of the economy in general. I doubt if such techniques would ever be appropriate in Hong Kong's exposed economic position; and I think they are certainly not appropriate at present, when in strict orthodoxy they would suggest the need to plan for a very substantial surplus "to take the heat out of the economy". Although we have in fact run substantial surpluses in recent years we have not done so with deflationary effect because we have not removed them from the economy but have left them inside the Colony's banking system to continue to work for the economy. $500 million or 55% of reserves are so held at present.”

John James Cowperthwaite (1915–2006) British colonial administrator

February 26, 1964, page 47.
Official Report of Proceedings of the Hong Kong Legislative Council

“This movement of matter, then, could not fail to produce something, and whatever it is will always be admired by the unthinking person who does not realize how close it came to not being made.”

Cyrano de Bergerac (1619–1655) French novelist, dramatist, scientist and duelist

The Other World (1657)
Context: You are amazed that matter can form a man when matter is all mixed up at random and so many things go into making a person. But do you not realize that before matter forms someone it has also stopped along the way to make a stone, lead, coral, a flower, or a comet because there was too much or too little of it to make a human being? No wonder, then, that an infinite amount of incessantly moving and changing matter makes up the few animals, vegetables and minerals that we see. No wonder, either, that if you throw dice a hundred times, they will all show the same numbers at some point.
This movement of matter, then, could not fail to produce something, and whatever it is will always be admired by the unthinking person who does not realize how close it came to not being made.

“I realized that true human values and human worth have almost zero connection with money.”

Robert Kuok (1923) Malaysian businessman

Cap 2 "The Wuhan Songsters"

“I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.”

Help us to complete the source, original and additional information

Alan Greenspan51

Related quotes

Related topics