If prices go down, we will have problems – problems in the sense of spillover to other areas.
ALAN GREENSPANNo one has ever eliminated any of that stuff.
More Alan Greenspan Quotes
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Rules cannot take the place of character.
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If we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.
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And she always has so much fun doing it. We make a good team.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices.
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There are no easy choices. Easy choices are long gone.
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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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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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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
ALAN GREENSPAN