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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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Cannot Conceive Cut Deficit Economy Harm Overdo Overdue Political Realistic Solution

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

But material success is possible in this world and far more satisfying when it comes without exploiting others.
ALAN GREENSPAN

Come Exploit Material Other Possible Satisfy Success
The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions…
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It keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
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In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals.
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It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
ALAN GREENSPAN

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Senator, if I seem clear to you, you must have misunderstood me’.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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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.
ALAN GREENSPAN

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Market financed withdrawals of home equity in recent years.
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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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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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So there is no reason to suspect that the actual process of boosting rates would be any different.
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I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
ALAN GREENSPAN

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I have long argued that paying down the national debt is beneficial for the economy.
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