And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
ALAN GREENSPANThe 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.
More Alan Greenspan Quotes
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Anything that we can do to raise personal savings is very much in the interest of this country.
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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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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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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These days, even out of office, I still read economic reports.
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I don’t know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we’ve been talking about today or anything anybody else was talking about.
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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I’m only half joking
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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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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
ALAN GREENSPAN






