Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
ALAN GREENSPANAnything that we can do to raise personal savings is very much in the interest of this country.
More Alan Greenspan Quotes
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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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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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Senator, if I seem clear to you, you must have misunderstood me’.
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It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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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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Amateurs want to be right. Professionals want to make money.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine.
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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I’m only half joking
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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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I have long argued that paying down the national debt is beneficial for the economy.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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And she always has so much fun doing it. We make a good team.
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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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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
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Productivity is notoriously difficult to predict.
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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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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
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The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
ALAN GREENSPAN