There is no evidence that the business cycle has been repealed.
ALAN GREENSPANI 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.
More Alan Greenspan Quotes
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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It’s a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.
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Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices.
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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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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.
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History cannot be reduced to a set of statistics and probabilities.
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Productivity is notoriously difficult to predict.
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I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.
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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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Senator, if I seem clear to you, you must have misunderstood me’.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
ALAN GREENSPAN