I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
ALAN GREENSPANIndeed, better risk management may be the only truly necessary element of success in banking.
More Alan Greenspan Quotes
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.
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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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Gold still represents the ultimate form of payment in the world.
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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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Market financed withdrawals of home equity in recent years.
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word 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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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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Rules cannot take the place of character.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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Whatever you tax you get less of.
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I’m a plain soap kind of guy.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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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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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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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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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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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
ALAN GREENSPAN