[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
ALAN GREENSPANWhile local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
More Alan Greenspan Quotes
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Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
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The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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I’m a better economist than I was a sax player.
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Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
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If I say something which you understand fully in this regard, I probably made a mistake.
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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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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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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These days, even out of office, I still read economic reports.
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
ALAN GREENSPAN