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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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Central Cloud Country Number Outlook Projection Tendency Uncertain

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We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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Excessive optimism sows the seeds of its own reversal.
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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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Central Cloud Country Number Outlook Projection Tendency Uncertain
If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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Excessive Grow Over Own Reversal Seed Show Time
And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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Ability Business Loss Nation Palpably Transact Trust Undermined
Gold still represents the ultimate form of payment in the world.
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Gold Payment Represent Ultimate World
Regulation – which is based on force and fear – undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.
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Political decisions are never random and will always lose out to innovative alternatives.
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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.
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The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
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Senator, if I seem clear to you, you must have misunderstood me’.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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Far Greenspan Knew Less More Most Suppose

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