Then fear hits, and it comes down very sharply. When I started to look at that.
ALAN GREENSPANRegulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
More Alan Greenspan Quotes
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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
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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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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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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.
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The Iraq War is largely about oil.
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Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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But rules cannot substitute for character.
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I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
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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.
ALAN GREENSPAN