Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
ALAN GREENSPANThe gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius.
More Alan Greenspan Quotes
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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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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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If I seem unduly clear to you, you must have misunderstood what I 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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The need for values is inbred. Their content is not.
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The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
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Enhances a person’s ability to handle the more ambiguous and qualitative relationships that dominate our day-to-day financial decision-making
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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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 more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.
ALAN GREENSPAN