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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.

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Necessary Out Policy Preëmptive Rule Situation Tight

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
ALAN GREENSPAN

Destruction Mass Over Publicize Weapon Whatever
Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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Crisis Finance Global Institution Neve Participant Recent Run Short Test Underscore Until
Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.
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Academic Government Jargon Mechanism More Nothing Scheme State Strip Support Welfare
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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Better Built Decade Example Financial Market Mousetrap People
Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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Come Idea Innovative Nobody Senator Unfortunately
Anything that we can do to raise personal savings is very much in the interest of this country.
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Anything Country Interest Much Personal Raise Say
No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
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Abnormal Exposure Haul Long Matter No Return Scheme Skillful Sustain Trade
They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
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Alternative Benefit Choice Judgement Policy Probability
Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
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Capacity Drive Enable Household Improvement Information Lead Out Practice Reach Technology Tender
We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
ALAN GREENSPAN

Necessary Out Policy Preëmptive Rule Situation Tight
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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Equally High Income People Drive Those Workers
Political decisions are never random and will always lose out to innovative alternatives.
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Alternative Decision Innovative Lose Political Random
It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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Competency Experience Foundation Manipulation Mathematics Numerical Understand
The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.
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Abandonment Banking Credit Gold Made Possible Standard Statics System Use Welfare
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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Coin Consecutive Head Investor Million Percent Pick Probably Stock Ten Tosser
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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Consequence Country Degree Income Reduce Skill Supply Unable Wage Work

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