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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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Being Central Century Government Midst Once REquired Tsunami

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

Revolutions are something you see only in retrospect.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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Significantly opening up immigration to skilled workers solves two problems.
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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward.
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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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The number one problem in today’s generation and economy is the lack of financial literacy.
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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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There is no evidence that the business cycle has been repealed.
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Senator, if I seem clear to you, you must have misunderstood me’.
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We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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