I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.
ALAN GREENSPANIt signals problems with respect to currency markets. Central banks should pay attention to it.
More Alan Greenspan Quotes
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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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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.
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Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
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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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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
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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 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 more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.
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These days, even out of office, I still read economic reports.
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I didn’t believe in absolutes, moral or otherwise. If I couldn’t prove a proposition with facts and figures, it was without merit.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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Regulation – which is based on force and fear – undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.
ALAN GREENSPAN -
I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
ALAN GREENSPAN