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.
ALAN GREENSPANProtectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
More Alan Greenspan Quotes
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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.
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Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
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To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education – literacy, both verbal and numerical, and communication skills.
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The worst have failed; investors no longer fund them and are not likely to in the future.
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These days, even out of office, I still read economic reports.
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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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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.
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The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
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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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I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
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But rules cannot substitute for character.
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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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So there is no reason to suspect that the actual process of boosting rates would be any different.
ALAN GREENSPAN






