The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
ALAN GREENSPANThen fear hits, and it comes down very sharply. When I started to look at that.
More Alan Greenspan Quotes
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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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If we are dealing with psychology, then the thermometers one uses to measure it have an effect.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
ALAN GREENSPAN -
Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.
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I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading.
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How do we know when irrational exuberance has unduly escalated asset values?
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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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There is no evidence that the business cycle has been repealed.
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All taxes are a drag on economic growth. It’s only a question of degree.
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I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.
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At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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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.
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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 -
Then fear hits, and it comes down very sharply. When I started to look at that.
ALAN GREENSPAN