Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity.
ALAN GREENSPANIt’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.
More Alan Greenspan Quotes
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The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses…
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History cannot be reduced to a set of statistics and probabilities.
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There are no easy choices. Easy choices are long gone.
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Productivity is notoriously difficult to predict.
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Amateurs want to be right. Professionals want to make money.
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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The process of innovation is, of course, never ending.
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Then fear hits, and it comes down very sharply. When I started to look at that.
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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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You can’t have the capitalist system if an increasing number of people think it is unjust.
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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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Significantly opening up immigration to skilled workers solves two problems.
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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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Senator, if I seem clear to you, you must have misunderstood me’.
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I’m always amazed that my wife can handle different subjects – one day politics, the next day foreign policy.
ALAN GREENSPAN