The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
ALAN GREENSPANStripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
More Alan Greenspan Quotes
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Any informed borrower is simply less vulnerable to fraud and abuse.
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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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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 am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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Regulation – which is based on force and fear – undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.
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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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Revolutions are something you see only in retrospect.
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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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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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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
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I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
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Gold still represents the ultimate form of payment in the world.
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I have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
ALAN GREENSPAN