Deficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
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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Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices.
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We will have more crises and none of them will look like this because no two crises have anything in common except human nature.
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Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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It keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
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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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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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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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The free lunch has still to be invented.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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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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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
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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 am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
ALAN GREENSPAN