Credit-default swaps, I think, have serious problems associated with them.
ALAN GREENSPANAnd the percentage changes in wage rates would be the same for all job grades.
More Alan Greenspan Quotes
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What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn’t be taking it to those who are willing to and are capable of doing so.
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Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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I don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
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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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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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Productivity is notoriously difficult to predict.
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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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There are no easy choices. Easy choices are long gone.
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The Iraq War is largely about oil.
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The free lunch has still to be invented.
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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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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
ALAN GREENSPAN