The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
ALAN GREENSPANI 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.
More Alan Greenspan Quotes
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Greenspan, who knew so much more than most, knew far less than most supposed.
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But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
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Then fear hits, and it comes down very sharply. When I started to look at that.
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I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.
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Unfortunately, Senator, nobody knows where the next innovative idea is coming from.
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Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.
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The increased flexibility of our economy, which has fostered our extraordinary resilience to shocks.
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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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Many of those who purchased their residence more than a year ago have equity buffers in their homes adequate to withstand any price decline other than a very deep one.
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Regulation of derivatives transactions that are privately negotiated by professionals is unnecessary.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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Fiat money in extremis is accepted by nobody. Gold is always accepted.
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Credit-default swaps, I think, have serious problems associated with them.
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As long as we issue fiat currency, I see no alternative to a legal tender law.
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The Iraq War is largely about oil.
ALAN GREENSPAN