We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
ALAN GREENSPANAmerican consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
More Alan Greenspan Quotes
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I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
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The tub helps me relax, and it’s a great place to read.
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Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.
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Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
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They seem to sense… that gold and economic freedom are inseparable.
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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals.
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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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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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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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Significantly opening up immigration to skilled workers solves two problems.
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The need for values is inbred. Their content is not.
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I have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
ALAN GREENSPAN