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.
ALAN GREENSPANIf I’ve made myself clear, I’ve misspoken.
More Alan Greenspan Quotes
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The number one problem in today’s generation and economy is the lack of financial literacy.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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They seem to sense… that gold and economic freedom are inseparable.
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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 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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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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Rules cannot take the place of character.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.
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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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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
ALAN GREENSPAN






