Political decisions are never random and will always lose out to innovative alternatives.
ALAN GREENSPANRevolutions are something you see only in retrospect.
More Alan Greenspan Quotes
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Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset.
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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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It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
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We are in the midst of a once-in-a-century credit tsunami. Central banks and governments are being required to take unprecedented measures.
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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
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I’m a better economist than I was a sax player.
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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.
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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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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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Market financed withdrawals of home equity in recent years.
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The need for values is inbred. Their content is not.
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The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.
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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.
ALAN GREENSPAN






