The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
ALAN GREENSPANIn the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals.
More Alan Greenspan Quotes
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Then fear hits, and it comes down very sharply. When I started to look at that.
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Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.
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The recent evidence increasingly suggests that an economic expansion is already well under way, although an array of influences unique to this business cycle seems likely to moderate its speed.
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I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.
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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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The number one problem in today’s generation and economy is the lack of financial literacy.
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The process of innovation is, of course, never ending.
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And the percentage changes in wage rates would be the same for all job grades.
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And she always has so much fun doing it. We make a good team.
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Productivity is notoriously difficult to predict.
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But rules cannot substitute for character.
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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.
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It’s not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.
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There’s an interesting question here because if the gold price broke in that context, the thermometer would not be just a measuring tool. It would basically affect the underlying psychology.
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Crony capitalism is essentially a condition in which… public officials are giving favours to people in the private sector in payment of political favours.
ALAN GREENSPAN