They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
ALAN GREENSPANWhile local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
More Alan Greenspan Quotes
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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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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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
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I don’t know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we’ve been talking about today or anything anybody else was talking about.
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The worst have failed; investors no longer fund them and are not likely to in the future.
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The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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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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Amateurs want to be right. Professionals want to make money.
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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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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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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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The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
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The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
ALAN GREENSPAN