What an ideology is is a conceptual framework with the way people deal with reality.
ALAN GREENSPANThose of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
More Alan Greenspan Quotes
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
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The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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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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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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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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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth.
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In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals.
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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.
ALAN GREENSPAN