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: ].
ALAN GREENSPANRegulators have not been able to achieve the level of future clarity required to act pre-emptively.
More Alan Greenspan Quotes
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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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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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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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Revolutions are something you see only in retrospect.
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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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I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
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If we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.
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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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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
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Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
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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.
ALAN GREENSPAN






