The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
ALAN GREENSPANIn the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
More Alan Greenspan Quotes
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I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.
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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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History has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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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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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.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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What an ideology is is a conceptual framework with the way people deal with reality.
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Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
ALAN GREENSPAN