If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
ALAN GREENSPANThe United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
More Alan Greenspan Quotes
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I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
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Now, I only play very occasionally, and in fact, more piano than clarinet or sax.
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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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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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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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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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Significantly opening up immigration to skilled workers solves two problems.
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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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Credit-default swaps, I think, have serious problems associated with them.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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Any informed borrower is simply less vulnerable to fraud and abuse.
ALAN GREENSPAN