Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
ALAN GREENSPANIf 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.
More Alan Greenspan Quotes
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It is decidedly not true that “nice guys finish last,” as that highly original American baseball philosopher, Leo Durocher, was alleged to have said.
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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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While these tendencies were no doubt in train in the “old,” pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
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And she always has so much fun doing it. We make a good team.
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The number of mistakes I have made are just awesome. There is no number large enough to account for that.
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If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I’m running into the tyranny of zero, which is where you can’t reduce (the debt) any more
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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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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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It’s hard to overemphasize how important Ford’s deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first.
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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
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Revolutions are something you see only in retrospect.
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What an ideology is is a conceptual framework with the way people deal with reality.
ALAN GREENSPAN