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.
ALAN GREENSPANIf prices go down, we will have problems – problems in the sense of spillover to other areas.
More Alan Greenspan Quotes
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And she always has so much fun doing it. We make a good team.
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Gold still represents the ultimate form of payment in the world.
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While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given its size and diversity.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
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These days, even out of office, I still read economic reports.
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I don’t know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we’ve been talking about today or anything anybody else was talking about.
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If I seem unduly clear to you, you must have misunderstood what I said.
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The number one problem in today’s generation and economy is the lack of financial literacy.
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Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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So there is no reason to suspect that the actual process of boosting rates would be any different.
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The process of innovation is, of course, never ending.
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I don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
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Indeed, better risk management may be the only truly necessary element of success in banking.
ALAN GREENSPAN