It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.
ALAN GREENSPANWas sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
More Alan Greenspan Quotes
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Greenspan, who knew so much more than most, knew far less than most supposed.
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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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There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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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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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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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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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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There are no easy choices. Easy choices are long gone.
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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
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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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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices.
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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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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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Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.
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American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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If I say something which you understand fully in this regard, I probably made a mistake.
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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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This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
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Political decisions are never random and will always lose out to innovative alternatives.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
ALAN GREENSPAN