Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds.
ALAN GREENSPANGold stands in the way of this insidious process. It stands as a protector of property rights.
More Alan Greenspan Quotes
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You can’t have the capitalist system if an increasing number of people think it is unjust.
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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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If I say something which you understand fully in this regard, I probably made a mistake.
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No one has ever eliminated any of that stuff.
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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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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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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.
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It’s a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.
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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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And the percentage changes in wage rates would be the same for all job grades.
ALAN GREENSPAN