Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
ALAN GREENSPANI am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
More Alan Greenspan Quotes
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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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The free lunch has still to be invented.
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Productivity is notoriously difficult to predict.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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Excessive optimism sows the seeds of its own reversal.
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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I’m only half joking
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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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I’m a plain soap kind of guy.
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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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I don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
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The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so…
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There are no easy choices. Easy choices are long gone.
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What an ideology is is a conceptual framework with the way people deal with reality.
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