Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
ALAN GREENSPANThis decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets.
More Alan Greenspan Quotes
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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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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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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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.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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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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If you think you understand what I am saying you do not understand what I am saying.
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Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
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The need for values is inbred. Their content is not.
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Anything that we can do to raise personal savings is very much in the interest of this country.
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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
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A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage.
ALAN GREENSPAN