If we are to remain preeminent in transforming knowledge into economic value, America’s system of higher education must remain the world’s leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.
ALAN GREENSPANIf one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.
More Alan Greenspan Quotes
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The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.
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Derivatives have permitted the unbundling of financial risks.
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We ought to be opening up our borders to skilled labour from all parts of the world because [the state of the world is as follows: ].
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The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.
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History demonstrates that participants in financial markets are susceptible to waves of optimism.
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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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Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.
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Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
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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.
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The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.
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Anything that we can do to raise personal savings is very much in the interest of this country.
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Developing protectionism regarding trade and our reluctance to place fiscal policy on a more sustainable path are threatening what may well be our most valued policy asset.
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They seem to sense… that gold and economic freedom are inseparable.
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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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The number one problem in today’s generation and economy is the lack of financial literacy.
ALAN GREENSPAN