When trust is lost, a nation’s ability to transact business is palpably undermined.
ALAN GREENSPANThere are no easy choices. Easy choices are long gone.
More Alan Greenspan Quotes
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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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The number one problem in today’s generation and economy is the lack of financial literacy.
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Anything that we can do to raise personal savings is very much in the interest of this country.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
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I 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.
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The Iraq War is largely about oil.
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There are no easy choices. Easy choices are long gone.
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What an ideology is is a conceptual framework with the way people deal with reality.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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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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Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices.
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The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
ALAN GREENSPAN