While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
ALAN GREENSPANI have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
More Alan Greenspan Quotes
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It signals problems with respect to currency markets. Central banks should pay attention to it.
ALAN GREENSPAN -
Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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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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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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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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If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.
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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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…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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If we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.
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People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward.
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All taxes are a drag on economic growth. It’s only a question of degree.
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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.
ALAN GREENSPAN






