American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
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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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
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The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
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Whatever you tax you get less of.
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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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But rules cannot substitute for character.
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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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The tub helps me relax, and it’s a great place to read.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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Derivatives have permitted the unbundling of financial risks.
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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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There is no evidence that the business cycle has been repealed.
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
ALAN GREENSPAN