There are no easy choices. Easy choices are long gone.
ALAN GREENSPANEveryone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
More Alan Greenspan Quotes
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Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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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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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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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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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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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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The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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All taxes are a drag on economic growth. It’s only a question of degree.
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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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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
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Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.
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I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
ALAN GREENSPAN