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.
ALAN GREENSPANSo there is no reason to suspect that the actual process of boosting rates would be any different.
More Alan Greenspan Quotes
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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If I seem unduly clear to you, you must have misunderstood what I said.
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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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Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.
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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 number one problem in today’s generation and economy is the lack of financial literacy.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
ALAN GREENSPAN -
I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
ALAN GREENSPAN -
Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
ALAN GREENSPAN -
Amateurs want to be right. Professionals want to make money.
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Those of us who have looked to the self-interest of lending institutions to protect shareholders’ equity are in a state of shocked disbelief.
ALAN GREENSPAN -
Significantly opening up immigration to skilled workers solves two problems.
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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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There is no evidence that the business cycle has been repealed.
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Anything that we can do to raise personal savings is very much in the interest of this country.
ALAN GREENSPAN