I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
ALAN GREENSPANNo matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
More Alan Greenspan Quotes
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Senator, if I seem clear to you, you must have misunderstood me’.
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Indeed, better risk management may be the only truly necessary element of success in banking.
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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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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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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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Significantly opening up immigration to skilled workers solves two problems.
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Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.
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The need for values is inbred. Their content is not.
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Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset.
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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.
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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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The process of innovation is, of course, never ending.
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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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Gold stands in the way of this insidious process. It stands as a protector of property rights.
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No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.
ALAN GREENSPAN