Significantly opening up immigration to skilled workers solves two problems.
ALAN GREENSPANThe very nature of finance is that it cannot be profitable unless it is significantly leveraged… and as long as there is debt, there can be failure and contagion.
More Alan Greenspan Quotes
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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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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.
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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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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 have long argued that paying down the national debt is beneficial for the economy.
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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I’m a plain soap kind of guy.
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Productivity is notoriously difficult to predict.
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The process of innovation is, of course, never ending.
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Derivatives have permitted the unbundling of financial risks.
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The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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What an ideology is is a conceptual framework with the way people deal with reality.
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Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
ALAN GREENSPAN