And she always has so much fun doing it. We make a good team.
ALAN GREENSPANThe process of innovation is, of course, never ending.
More Alan Greenspan Quotes
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Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
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We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
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The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.
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And the percentage changes in wage rates would be the same for all job grades.
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
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Since I’ve become a central banker, I’ve learned to mumble with great incoherence.
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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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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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Rules cannot take the place of character.
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The free lunch has still to be invented.
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The guiding purpose of the government regulator is to prevent rather than to create something.
ALAN GREENSPAN