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.
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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I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.
ALAN GREENSPAN -
Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.
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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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I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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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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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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The tub helps me relax, and it’s a great place to read.
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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 don’t think it’s possible for the Fed to end its easy-money policies in a trouble-free manner.
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The free lunch has still to be invented.
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Deficit spending is simply a scheme for the confiscation of wealth.If I seem unduly clear to you, you must have misunderstood what I said.
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Indeed, better risk management may be the only truly necessary element of success in banking.
ALAN GREENSPAN