Significantly opening up immigration to skilled workers solves two problems.
ALAN GREENSPANIt keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
More Alan Greenspan Quotes
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There are no easy choices. Easy choices are long gone.
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Rules cannot take the place of character.
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The process of innovation is, of course, never ending.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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These days, even out of office, I still read economic reports.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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Revolutions are something you see only in retrospect.
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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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Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
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If I seem unduly clear to you, you must have misunderstood what I said.
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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
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Derivatives have permitted the unbundling of financial risks.
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Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
ALAN GREENSPAN