American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy.
ALAN GREENSPANAmateurs want to be right. Professionals want to make money.
More Alan Greenspan Quotes
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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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Institutions of the newer participants in global finance had not been tested, until recently…recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.
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Significantly opening up immigration to skilled workers solves two problems.
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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.
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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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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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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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There is no evidence that the business cycle has been repealed.
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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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Without calling the overall national issue a bubble, it’s pretty clear that it’s an unsustainable underlying pattern.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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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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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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All taxes are a drag on economic growth. It’s only a question of degree.
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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.
ALAN GREENSPAN