Then fear hits, and it comes down very sharply. When I started to look at that.
ALAN GREENSPANIn general, corruption tends to exist whenever governments have favors to extend, or something to sell.
More Alan Greenspan Quotes
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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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The very nature of finance is that it cannot be profitable unless it is significantly leveraged… and as long as there is debt, there can be failure and contagion.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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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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The need for values is inbred. Their content is not.
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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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Excessive optimism sows the seeds of its own reversal.
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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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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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So there is no reason to suspect that the actual process of boosting rates would be any different.
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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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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
ALAN GREENSPAN -
A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage.
ALAN GREENSPAN