Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
ALAN GREENSPANRecent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
More Alan Greenspan Quotes
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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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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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The need for values is inbred. Their content is not.
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Whatever you tax you get less of.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
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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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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
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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.
ALAN GREENSPAN