You can’t have the capitalist system if an increasing number of people think it is unjust.
ALAN GREENSPANAmerican and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
More Alan Greenspan Quotes
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
ALAN GREENSPAN -
The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
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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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We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
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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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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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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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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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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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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
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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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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.
ALAN GREENSPAN -
Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
ALAN GREENSPAN