I’m a better economist than I was a sax player.
ALAN GREENSPANSome succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
More Alan Greenspan Quotes
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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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Significantly opening up immigration to skilled workers solves two problems.
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Rules cannot take the place of character.
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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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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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Indeed, better risk management may be the only truly necessary element of success in banking.
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Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.
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The tub helps me relax, and it’s a great place to read.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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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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While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
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It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.
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I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.
ALAN GREENSPAN