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People dont realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but thats as far as we go. And Ive had a very successful career as a forecaster, starting in 1948 forward.

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Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.
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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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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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We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
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I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn’t be taking it to those who are willing to and are capable of doing so.
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Rules cannot take the place of character.
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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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At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable.
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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 love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.
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It signals problems with respect to currency markets. Central banks should pay attention to it.
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American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.
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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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Greenspan, who knew so much more than most, knew far less than most supposed.
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