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.
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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While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
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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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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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When trust is lost, a nation’s ability to transact business is palpably undermined.
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And the percentage changes in wage rates would be the same for all job grades.
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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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The number one problem in today’s generation and economy is the lack of financial literacy.
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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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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 one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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But rules cannot substitute for character.
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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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The need for values is inbred. Their content is not.
ALAN GREENSPAN