The need for values is inbred. Their content is not.
ALAN GREENSPANHistory has not dealt kindly with the aftermath of protracted periods of low risk premiums.
More Alan Greenspan Quotes
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The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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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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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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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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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.
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If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
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All taxes are a drag on economic growth. It’s only a question of degree.
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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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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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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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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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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
ALAN GREENSPAN