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It's hard to overemphasize how important Ford's deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first. Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s:...

— Alan Greenspan The Age of Turbulence (2008)

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More quotes by Alan Greenspan

When trust is lost, a nation's ability to transact business is palpably undermined.

The Age of Turbulence (2008)

Globalization was exerting a dis-inflationary impact.

The Age of Turbulence (2008)

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

The Age of Turbulence (2008)

In general, corruption tends to exist whenever governments have favors to extend, or something to sell.

The Age of Turbulence (2008)

Modern dynamic economies do not stay still long enough to allow for an accurate reading of their underlying structures.

The Age of Turbulence (2008)

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