Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
ALAN GREENSPANProtectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
More Alan Greenspan Quotes
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If I seem unduly clear to you, you must have misunderstood what I said.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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Rules cannot take the place of character.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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The free lunch has still to be invented.
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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.
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Productivity is notoriously difficult to predict.
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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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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Regulation – which is based on force and fear – undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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It’s a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.
ALAN GREENSPAN






