It keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
ALAN GREENSPANIf I seem unduly clear to you, you must have misunderstood what I said.
More Alan Greenspan Quotes
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These days, even out of office, I still read economic reports.
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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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The tub helps me relax, and it’s a great place to read.
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We 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: ].
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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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The free lunch has still to be invented.
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At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable.
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There are no easy choices. Easy choices are long gone.
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Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
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Derivatives have permitted the unbundling of financial risks.
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The need for values is inbred. Their content is not.
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If I’ve made myself clear, I’ve misspoken.
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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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If we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.
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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.
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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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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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.
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Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
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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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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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I’m a plain soap kind of guy.
ALAN GREENSPAN