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"What we've learned is that globalization [...] creates a lot of problems for a lot of people, and it's tough to deal with, but it has moved the standards of living, not only for the United States and our trading partners in the developed world, but hundreds of millions of people have been moved out from the developing world into middle class, or lower middle class, standards of living, which used to be the monopoly of the developed world. And that's terrific." -- former Federal Reserve chairman Alan Greenspan, 2007-10-09, on the CBS television show The Late Show with David Letterman

"What we've learned is that globalization [...] creates a lot of problems for a lot of people, and it's tough to deal with, but it has moved the standards of living, not only for the United States and our trading partners in the developed world, but hundreds of millions of people have been moved out from the developing world into middle class, or lower middle class, standards of living, which used to be the monopoly of the developed world. And that's terrific." -- former Federal Reserve chairman Alan Greenspan, 2007-10-09, on the CBS television show The Late Show with David Letterman