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.
ALAN GREENSPANThis is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
More Alan Greenspan Quotes
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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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I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more
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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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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.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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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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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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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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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
ALAN GREENSPAN






