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.
ALAN GREENSPANAnd the percentage changes in wage rates would be the same for all job grades.
More Alan Greenspan Quotes
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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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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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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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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We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
ALAN GREENSPAN -
I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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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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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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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.
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The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.
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The very nature of finance is that it cannot be profitable unless it is significantly leveraged… and as long as there is debt, there can be failure and contagion.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
ALAN GREENSPAN






