Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
ALAN GREENSPANThe problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
More Alan Greenspan Quotes
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
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But rules cannot substitute for character.
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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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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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They seem to sense… that gold and economic freedom are inseparable.
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I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
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So there is no reason to suspect that the actual process of boosting rates would be any different.
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If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
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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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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
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