Wise Words From Greenspan

Alan Greenspan, testifying before congress, 06/09/2005 11:58am ET:

What does create the wealth of nations? What is it about the United States which gives us a special status? I think the way I would put it is, first, it's not our real resources as such … but it's fundamentally our Constitution. Because the Constitution is structured in a manner which protects property rights better than anywhere else in the world. And one of the reasons why businesses have flocked here, why they have invested here, is that they know that in the event of adjudication they get a fair trial, and that our Constitution protects them.