Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
Meaning of the quote
Protectionism, or trying to protect jobs and businesses in your own country by limiting trade with other countries, won't really help create more jobs. In fact, if other countries retaliate and limit trade with your country, it's likely that you'll actually end up losing more jobs than you gain. The best way to create more jobs is to have open and fair trade with other countries, not try to shut them out.
About Alan Greenspan
Alan Greenspan, a renowned American economist, served as the 13th chairman of the Federal Reserve from 1987 to 2006. He was a private advisor and provided consulting services through his company, Greenspan Associates LLC. Greenspan’s tenure at the Federal Reserve was marked by both praise and criticism, with some arguing that his policies contributed to the dot-com bubble and the subprime mortgage crisis.
More quotes from Alan Greenspan
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13th Chairman of the Federal Reserve in the United States
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13th Chairman of the Federal Reserve in the United States
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13th Chairman of the Federal Reserve in the United States
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13th Chairman of the Federal Reserve in the United States
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13th Chairman of the Federal Reserve in the United States
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13th Chairman of the Federal Reserve in the United States
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13th Chairman of the Federal Reserve in the United States
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13th Chairman of the Federal Reserve in the United States
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13th Chairman of the Federal Reserve in the United States
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13th Chairman of the Federal Reserve in the United States
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13th Chairman of the Federal Reserve in the United States
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13th Chairman of the Federal Reserve in the United States