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.
ALAN GREENSPANImprovements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
More Alan Greenspan Quotes
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The worst have failed; investors no longer fund them and are not likely to in the future.
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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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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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In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.
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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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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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The tub helps me relax, and it’s a great place to read.
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Productivity is notoriously difficult to predict.
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This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets.
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What an ideology is is a conceptual framework with the way people deal with reality.
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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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How do we know when irrational exuberance has unduly escalated asset values?
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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Significantly opening up immigration to skilled workers solves two problems.
ALAN GREENSPAN