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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.

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Amount Available Cash Necessary Problem Should Solve Stress

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable.
ALAN GREENSPAN

Capital Composition Force Meshed Need Oversimplification Risk Skill Stock Work
Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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Excessive optimism sows the seeds of its own reversal.
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Revolutions are something you see only in retrospect.
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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
ALAN GREENSPAN

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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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All taxes are a drag on economic growth. It’s only a question of degree.
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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
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