At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable.
ALAN GREENSPANCash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
More Alan Greenspan Quotes
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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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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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Derivatives have permitted the unbundling of financial risks.
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The Iraq War is largely about oil.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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Deficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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Anything that we can do to raise personal savings is very much in the interest of this country.
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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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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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I don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
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The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.
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Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.
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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 GREENSPAN