The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
ALAN GREENSPANThe need for values is inbred. Their content is not.
More Alan Greenspan Quotes
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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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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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Productivity is notoriously difficult to predict.
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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’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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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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I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
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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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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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I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
ALAN GREENSPAN