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.
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’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.
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Deficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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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.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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The need for values is inbred. Their content is not.
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And the percentage changes in wage rates would be the same for all job grades.
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Anything that we can do to raise personal savings is very much in the interest of this country.
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How do we know when irrational exuberance has unduly escalated asset values?
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It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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Significantly opening up immigration to skilled workers solves two problems.
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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage.
ALAN GREENSPAN