The number one problem in today’s generation and economy is the lack of financial literacy.
ALAN GREENSPANThe increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
More Alan Greenspan Quotes
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If we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.
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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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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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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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I’m a plain soap kind of guy.
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And she always has so much fun doing it. We make a good team.
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Whatever you tax you get less of.
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The worst have failed; investors no longer fund them and are not likely to in the future.
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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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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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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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The process of innovation is, of course, never ending.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
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Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.
ALAN GREENSPAN