[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
ALAN GREENSPANWe ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
More Alan Greenspan Quotes
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Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices.
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The process of innovation is, of course, never ending.
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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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Whatever you tax you get less of.
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No one has ever eliminated any of that stuff.
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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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The 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.
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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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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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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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The Iraq War is largely about oil.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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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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So there is no reason to suspect that the actual process of boosting rates would be any different.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
ALAN GREENSPAN