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.
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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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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Before I met Ayn Rand, I was a logical positivist, and accordingly,
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And she always has so much fun doing it. We make a good team.
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The process of innovation is, of course, never ending.
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I’ve been in and out of Wall Street since 1949, and I’ve never seen the type of animosity between government and Wall Street. And I’m not sure where it comes from, but I suspect it’s got to do with a general schism in this society which is really becoming ever more destructive.
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And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.
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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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Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank.
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Derivatives have permitted the unbundling of financial risks.
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I love facts and figures. It’s like following a detective story, piecing together what’s going on in the economy.
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Regulators have not been able to achieve the level of future clarity required to act pre-emptively.
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It’s a bubble. It has to have intrinsic value. You have to really stretch your imagination to infer what the intrinsic value of Bitcoin is. I haven’t been able to do it. Maybe somebody else can.
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We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past.
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The Iraq War is largely about oil.
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Significantly opening up immigration to skilled workers solves two problems.
ALAN GREENSPAN