Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
ALAN GREENSPANSignificantly opening up immigration to skilled workers solves two problems.
More Alan Greenspan Quotes
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.
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Credit-default swaps, I think, have serious problems associated with them.
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I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.
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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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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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The number one problem in today’s generation and economy is the lack of financial literacy.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
ALAN GREENSPAN -
I have long argued that paying down the national debt is beneficial for the economy.
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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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These days, even out of office, I still read economic reports.
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They seem to sense… that gold and economic freedom are inseparable.
ALAN GREENSPAN