Significantly opening up immigration to skilled workers solves two problems.
ALAN GREENSPANIt’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
More Alan Greenspan Quotes
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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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.
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Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
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In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals.
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The need for values is inbred. Their content is not.
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But rules cannot substitute for character.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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The tub helps me relax, and it’s a great place to read.
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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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These days, even out of office, I still read economic reports.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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Derivatives have permitted the unbundling of financial risks.
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Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
ALAN GREENSPAN






