Alan Greenspan Quotes, Jobs Quotes, Skills Quotes

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, and the percentage changes in wage rates would be the same for all job grades.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Jobs Quotes , Skills Quotes

I'm always amazed that my wife can handle different subjects - one day politics, the next day foreign policy. And she always has so much fun doing it. We make a good team.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Fun Quotes , Team 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Real Quotes , Long Quotes

Senator, we are groping for understanding, the knowledge you assume I possess doesn't exist' - 'The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills' - 'Senator, if I seem clear to you, you must have misunderstood me' - 'Unfortunately, Senator, nobody knows where the next innovative idea is coming from. Political decisions are never random and will always lose out to innovative alternatives

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Lying Quotes , Moving Quotes

Rules cannot take the place of character.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes

If I say something which you understand fully in this regard, I probably made a mistake.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Mistake Quotes , Made 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

Message Copied

Tags : Alan Greenspan Quotes , Unique Quotes , Expansion Quotes

I'm a plain soap kind of guy.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Guy Quotes , Soap Quotes

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

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Principles Quotes , Republican Quotes

A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Home Quotes , Years Quotes

If I've made myself clear, I've misspoken.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Made Quotes , Clear Quotes

Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Technology Quotes , Practice Quotes

Any informed borrower is simply less vulnerable to fraud and abuse.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Success Quotes , Money Quotes

We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Real Quotes , Needs Quotes

The tub helps me relax, and it's a great place to read.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Relax Quotes , Tubs Quotes

We may be in a rapidly evolving international financial system with all the bells and whistles of the so-called new economy. But the old-economy rules of prudence are as formidable as ever. We violate them at our own peril.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Bells Quotes , May Quotes

I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Misunderstood Quotes , Investing Quotes

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

Message Copied

Tags : Alan Greenspan Quotes , Past Quotes , Japan 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.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Keys Quotes , Incomplete Knowledge Quotes

The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.

5 years ago

Message Copied

Tags : Alan Greenspan Quotes , Successful Quotes , Coins Quotes