Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
ALAN GREENSPANWhat an ideology is is a conceptual framework with the way people deal with reality.
More Alan Greenspan Quotes
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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
ALAN GREENSPAN -
Greenspan, who knew so much more than most, knew far less than most supposed.
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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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I don’t know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we’ve been talking about today or anything anybody else was talking about.
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Amateurs want to be right. Professionals want to make money.
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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 -
Credit-default swaps, I think, have serious problems associated with them.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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If I seem unduly clear to you, you must have misunderstood what I said.
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I have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
ALAN GREENSPAN -
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.
ALAN GREENSPAN -
What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn’t be taking it to those who are willing to and are capable of doing so.
ALAN GREENSPAN