Alan Greenspan Quote

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


Chapter Ten, "Downturn", p. 218. - The Age of Turbulence (2008)


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

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

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

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