We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
ALAN GREENSPANSignificantly opening up immigration to skilled workers solves two problems.
More Alan Greenspan Quotes
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It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade.
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But rules cannot substitute for character.
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The economy is turning, and credit comes in with a lag, .. To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that’s likely to change for the better.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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Credit-default swaps, I think, have serious problems associated with them.
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The free lunch has still to be invented.
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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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All taxes are a drag on economic growth. It’s only a question of degree.
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In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals.
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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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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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Gold, unlike all other commodities, is a currency…and the major thrust in the demand for gold is not for jewelry.
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I have one other issue I’d like to throw on the table. I hesitate to do it, but let me tell you some of the issues that are involved here.
ALAN GREENSPAN