Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
ALAN GREENSPANIt signals problems with respect to currency markets. Central banks should pay attention to it.
More Alan Greenspan Quotes
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If I seem unduly clear to you, you must have misunderstood what I said.
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
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Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset.
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If I’ve made myself clear, I’ve misspoken.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.
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Such caution seems especially warranted with regard to the sharp rise in equity prices during the past two years. These gains have obviously raised questions of sustainability.
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But rules cannot substitute for character.
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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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So there is no reason to suspect that the actual process of boosting rates would be any different.
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But material success is possible in this world and far more satisfying when it comes without exploiting others.
ALAN GREENSPAN