I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
ALAN GREENSPANYet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
More Alan Greenspan Quotes
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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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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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.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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I’m a plain soap kind of guy.
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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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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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Excessive optimism sows the seeds of its own reversal.
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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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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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The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
ALAN GREENSPAN