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 GREENSPANWhile these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
More Alan Greenspan Quotes
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Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset.
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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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These days, even out of office, I still read economic reports.
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In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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Productivity is notoriously difficult to predict.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
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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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There are no easy choices. Easy choices are long gone.
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Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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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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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
ALAN GREENSPAN