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  • Alan Greenspan Quotes   143
  • 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: ] if we were to do that we would increase the supply of skilled workers that our schools have been unable to create and as a consequence of that we would lower the average wage of skills and reduce the degree of income inequality in this country.
    • 6 years ago



    Tags : Alan Greenspan Quotes , Country Quotes , School Quotes
  • I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
    • 6 years ago



    Tags : Alan Greenspan Quotes , Real Quotes , Long Quotes
  • I don't think it's possible for the Fed to end its easy-money policies in a trouble-free manner. Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets, so there is no reason to suspect that the actual process of boosting rates would be any different. I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.
    • 6 years ago



    Tags : Alan Greenspan Quotes , Real Quotes , Thinking Quotes
  • Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular outcomes, a central bank... need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path. They then need to reach a judgment about the probabilities, costs, and benefits of the various possible outcomes under alternative choices for policy.
    • 6 years ago



    Tags : Alan Greenspan Quotes , Keys Quotes , Incomplete Knowledge Quotes
  • Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of that stuff.
    • 6 years ago



    Tags : Alan Greenspan Quotes , Successful Quotes , Stuff Quotes
  • 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. In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals. Eliminating such restrictions would reduce at least some of the income inequality.
    • 6 years ago



    Tags : Alan Greenspan Quotes , America Quotes , Labor Force Quotes