To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
ALAN GREENSPANWe can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
More Alan Greenspan Quotes
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Revolutions are something you see only in retrospect.
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Market financed withdrawals of home equity in recent years.
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All taxes are a drag on economic growth. It’s only a question of degree.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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I’m a plain soap kind of guy.
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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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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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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
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Credit-default swaps, I think, have serious problems associated with them.
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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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I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically — I should say, fully — hedged.
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They seem to sense… that gold and economic freedom are inseparable.
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The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.
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Whatever you tax you get less of.
ALAN GREENSPAN