The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
ALAN GREENSPANSome succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
More Alan Greenspan Quotes
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Senator, if I seem clear to you, you must have misunderstood me’.
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The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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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 tub helps me relax, and it’s a great place to read.
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I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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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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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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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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If I’ve made myself clear, I’ve misspoken.
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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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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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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
ALAN GREENSPAN