Before I met Ayn Rand, I was a logical positivist, and accordingly,
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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Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets.
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The very nature of finance is that it cannot be profitable unless it is significantly leveraged… and as long as there is debt, there can be failure and contagion.
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The process of innovation is, of course, never ending.
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I’m a better economist than I was a sax player.
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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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The number one problem in today’s generation and economy is the lack of financial literacy.
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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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People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward.
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Market financed withdrawals of home equity in recent years.
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[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.
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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.
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An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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…our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.
ALAN GREENSPAN