How do we know when irrational exuberance has unduly escalated asset values?
ALAN GREENSPANAll taxes are a drag on economic growth. It’s only a question of degree.
More Alan Greenspan Quotes
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Anything that we can do to raise personal savings is very much in the interest of this country.
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Market financed withdrawals of home equity in recent years.
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Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
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It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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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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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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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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They seem to sense… that gold and economic freedom are inseparable.
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There is no evidence that the business cycle has been repealed.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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The process of innovation is, of course, never ending.
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It keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
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Derivatives have permitted the unbundling of financial risks.
ALAN GREENSPAN