And the percentage changes in wage rates would be the same for all job grades.
ALAN GREENSPANAs long as we issue fiat currency, I see no alternative to a legal tender law.
More Alan Greenspan Quotes
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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Political decisions are never random and will always lose out to innovative alternatives.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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Gold still represents the ultimate form of payment in the world.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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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 was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
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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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The process of innovation is, of course, never ending.
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Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices.
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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.
ALAN GREENSPAN