Before I met Ayn Rand, I was a logical positivist, and accordingly,
ALAN GREENSPANDerivatives have permitted the unbundling of financial risks.
More Alan Greenspan Quotes
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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Market financed withdrawals of home equity in recent years.
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I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
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What an ideology is is a conceptual framework with the way people deal with reality.
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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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And the percentage changes in wage rates would be the same for all job grades.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals.
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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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Credit-default swaps, I think, have serious problems associated with them.
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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
ALAN GREENSPAN