Alan Greenspan Rad Quotations

The problem is you cannot have free global trade with highly restrictive, regulated domestic markets.

We have to do it in a cautious, gradual way. ... (We) should go slowly and test the waters.

If you're going to move to private accounts, which I approve of, I think you have to do it in a cautious, gradual way.

Terrorism poses a challenge to the remarkable record of globalization, ... I trust that we will go forward expeditiously with the pending new trade round. The differences to be resolved in such talks are small relative to the larger issue of maintaining our freedoms to travel and trade on a global scale.

The hey day when a high school or college education would serve a graduate for a lifetime is gone, ... Today's recipients of diplomas expect to have many jobs and to use a wide range of skills over their working lives.

The addition of the Chinese economy to the global marketplace will result in a more efficient worldwide allocation of resources and will raise standards of living in China and its trading partners,

The Federal Reserve has responded to the balance of market forces by gradually raising the federal funds rate over the past year, ... Certainly, to have done otherwise -- to have held the federal funds rate at last year's level even as credit demands and market interest rates rose -- would have required an inappropriately inflationary expansion of liquidity.

As China's citizens experience economic gains, so will the American firms that trade in their expanding markets,

profound implications for the free world's trading system and the long-term growth potential of the American economy.

A gradual reduction over time of the GSE portfolios should be a non-event to investors and market participants, other than GSE shareholders,

Further development of China's trading relationships with the United States and other industrial countries will work to strengthen the rule of law within China and to firm its commitment to economic reform,

Whether those adjustments are wrenching will depend ... on the degree of economic flexibility that we and our trading partners maintain, and I hope enhance, in the years ahead,

However, Seoul is clearly of developing in this ... and I expect Seoul gradually make this way to become international financial center.