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.
ALAN GREENSPANIt’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
More Alan Greenspan Quotes
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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The Iraq War is largely about oil.
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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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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more
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The number one problem in today’s generation and economy is the lack of financial literacy.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets.
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.
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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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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
ALAN GREENSPAN