American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
ALAN GREENSPANI’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
More Alan Greenspan Quotes
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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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There is no evidence that the business cycle has been repealed.
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The process of innovation is, of course, never ending.
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Whatever you tax you get less of.
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What an ideology is is a conceptual framework with the way people deal with reality.
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No one has ever eliminated any of that stuff.
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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History cannot be reduced to a set of statistics and probabilities.
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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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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.
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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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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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Market financed withdrawals of home equity in recent years.
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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.
ALAN GREENSPAN