Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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Gold still represents the ultimate form of payment in the world.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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The worst have failed; investors no longer fund them and are not likely to in the future.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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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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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
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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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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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I don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
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There is no evidence that the business cycle has been repealed.
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We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
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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.
ALAN GREENSPAN