[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
ALAN GREENSPANSuch caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.
More Alan Greenspan Quotes
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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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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.
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They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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These days, even out of office, I still read economic reports.
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Productivity is notoriously difficult to predict.
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Credit-default swaps, I think, have serious problems associated with them.
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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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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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The process of innovation is, of course, never ending.
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Significantly opening up immigration to skilled workers solves two problems.
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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If prices go down, we will have problems – problems in the sense of spillover to other areas.
ALAN GREENSPAN