Any informed borrower is simply less vulnerable to fraud and abuse.
ALAN GREENSPANIt is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
More Alan Greenspan Quotes
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Gold still represents the ultimate form of payment in the world.
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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
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Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
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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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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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Senator, if I seem clear to you, you must have misunderstood me’.
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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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They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
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If you think you understand what I am saying you do not understand what I am saying.
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The worst have failed; investors no longer fund them and are not likely to in the future.
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At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable.
ALAN GREENSPAN -
There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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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.
ALAN GREENSPAN