If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
ALAN GREENSPANPolitical decisions are never random and will always lose out to innovative alternatives.
More Alan Greenspan Quotes
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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Excessive optimism sows the seeds of its own reversal.
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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The tub helps me relax, and it’s a great place to read.
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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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I’m a better economist than I was a sax player.
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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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Credit-default swaps, I think, have serious problems associated with them.
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Significantly opening up immigration to skilled workers solves two problems.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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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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It signals problems with respect to currency markets. Central banks should pay attention to it.
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The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
ALAN GREENSPAN