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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.

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Deserve End Lose Neither Power Principle Republication Swap

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
ALAN GREENSPAN

Able Archive Been Clarity Emotively Future Pre Regulator Require
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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Rules cannot take the place of character.
ALAN GREENSPAN

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Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.
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Caution During Especially Past Price Regard Rise Sharp Two Warranted Year
I’m a better economist than I was a sax player.
ALAN GREENSPAN

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And the percentage changes in wage rates would be the same for all job grades.
ALAN GREENSPAN

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Political decisions are never random and will always lose out to innovative alternatives.
ALAN GREENSPAN

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The process of innovation is, of course, never ending.
ALAN GREENSPAN

Course Ending Innovation never Process
Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
ALAN GREENSPAN

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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
ALAN GREENSPAN

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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.
ALAN GREENSPAN

Against Always Any Believe Fraud Law Need Probably
What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn’t be taking it to those who are willing to and are capable of doing so.
ALAN GREENSPAN

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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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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
ALAN GREENSPAN

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Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
ALAN GREENSPAN

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