The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
ALAN GREENSPANI’ve been in and out of Wall Street since 1949, and I’ve never seen the type of animosity between government and Wall Street. And I’m not sure where it comes from, but I suspect it’s got to do with a general schism in this society which is really becoming ever more destructive.
More Alan Greenspan Quotes
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Significantly opening up immigration to skilled workers solves two problems.
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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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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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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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I have long argued that paying down the national debt is beneficial for the economy.
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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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The process of innovation is, of course, never ending.
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Political decisions are never random and will always lose out to innovative alternatives.
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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more
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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
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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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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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I’ve been in and out of Wall Street since 1949, and I’ve never seen the type of animosity between government and Wall Street. And I’m not sure where it comes from, but I suspect it’s got to do with a general schism in this society which is really becoming ever more destructive.
ALAN GREENSPAN