Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
It 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.
In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals.
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.
The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.
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.
![Alan Greenspan Quote - 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: ].](https://minimalistquotes.com/wp-content/uploads/2022/08/we-ought-to-be-opening-up-our-borders-to-skilled-l-683x1024.jpg)
![Alan Greenspan Quote - In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals.](https://minimalistquotes.com/wp-content/uploads/2022/08/in-the-process-we-have-created-a-privileged-elite--683x1024.jpg)
