And the percentage changes in wage rates would be the same for all job grades.
ALAN GREENSPANI love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
More Alan Greenspan Quotes
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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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If I seem unduly clear to you, you must have misunderstood what I said.
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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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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
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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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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
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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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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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Amateurs want to be right. Professionals want to make money.
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Gold still represents the ultimate form of payment in the world.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
ALAN GREENSPAN






