It signals problems with respect to currency markets. Central banks should pay attention to it.
ALAN GREENSPANSignificantly opening up immigration to skilled workers solves two problems.
More Alan Greenspan Quotes
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If prices go down, we will have problems – problems in the sense of spillover to other areas.
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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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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere.
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Productivity is notoriously difficult to predict.
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Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices.
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Regulation – which is based on force and fear – undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.
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And the percentage changes in wage rates would be the same for all job grades.
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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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Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets.
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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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We cannot rule out a situation in which a preemptive policy tightening becomes necessary.
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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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I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and in their personal lives.
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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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It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum.
ALAN GREENSPAN