Alan Greenspan Quotes, Reality Quotes, People Quotes

What an ideology is is a conceptual framework with the way people deal with reality. Everyone has one. You have to, to exist you need an ideology. The question is whether it is accurate or not.

5 years ago

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Tags : Alan Greenspan Quotes , Reality Quotes , People Quotes

If prices go down, we will have problems - problems in the sense of spillover to other areas.

5 years ago

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Tags : Alan Greenspan Quotes , Financial Quotes , Problem Quotes

If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries.

5 years ago

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Tags : Alan Greenspan Quotes , Political Quotes , Groups Quotes

I'm not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.

5 years ago

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Tags : Alan Greenspan Quotes , Easy Quotes , Legislation Quotes

I've been in and out of Wall Street since 1949, and I've never seen the type of animosity between government and Wall Street. And I'm not sure where it comes from, but I suspect it's got to do with a general schism in this society which is really becoming ever more destructive.

5 years ago

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Tags : Alan Greenspan Quotes , Wall Quotes , Government Quotes

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.

5 years ago

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Tags : Alan Greenspan Quotes , Mistake Quotes , Self Quotes

The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions... Derivatives have permitted the unbundling of financial risks.

5 years ago

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Tags : Alan Greenspan Quotes , Keys Quotes , Risk Quotes

All taxes are a drag on economic growth. It's only a question of degree.

5 years ago

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Tags : Alan Greenspan Quotes , Political Quotes , Growth Quotes

Greenspan, who knew so much more than most, knew far less than most supposed.

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Tags : Alan Greenspan Quotes , Ignorance Quotes

Productivity is notoriously difficult to predict.

5 years ago

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Tags : Alan Greenspan Quotes , Difficult Quotes

Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.

5 years ago

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Tags : Alan Greenspan Quotes , Gold Quotes , World 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.

5 years ago

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Tags : Alan Greenspan Quotes , Real Quotes , Thinking Quotes

I've always argued that this country has benefited immensely from the fact that we draw people from all over the world.

5 years ago

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Tags : Alan Greenspan Quotes , Country Quotes , People Quotes

The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.

5 years ago

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Tags : Alan Greenspan Quotes , Zero Quotes , United States Quotes

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.

5 years ago

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Tags : Alan Greenspan Quotes , Unique Quotes , Expansion Quotes

I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy. It might be technically possible, but it is not realistic.

5 years ago

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Tags : Alan Greenspan Quotes , Mean Quotes , Cutting Quotes

Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. 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?

5 years ago

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Tags : Alan Greenspan Quotes , Past Quotes , Japan Quotes

[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.

5 years ago

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Tags : Alan Greenspan Quotes , Principles Quotes , Republican Quotes

I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically -- I should say, fully -- hedged.

5 years ago

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Tags : Alan Greenspan Quotes , Believe Quotes , Risk Quotes

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.

5 years ago

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Tags : Alan Greenspan Quotes , Country Quotes , School Quotes