Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
ALAN GREENSPANWe cannot rule out a situation in which a preemptive policy tightening becomes necessary.
More Alan Greenspan Quotes
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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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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A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
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If you think you understand what I am saying you do not understand what I am saying.
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All taxes are a drag on economic growth. It’s only a question of degree.
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Political decisions are never random and will always lose out to innovative alternatives.
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Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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Deficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
ALAN GREENSPAN