Alan Greenspan Quotes, Fall Quotes, Looks Quotes

Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds. Then fear hits, and it comes down very sharply. When I started to look at that, I was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.

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Tags : Alan Greenspan Quotes , Fall Quotes , Looks 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.

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Tags : Alan Greenspan Quotes , Jobs Quotes , Skills Quotes

I 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. But material success is possible in this world and far more satisfying when it comes without exploiting others.

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Tags : Alan Greenspan Quotes , Life Quotes , Success Quotes

If you think you understand what I am saying you do not understand what I am saying.

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Tags : Alan Greenspan Quotes , Thinking Quotes , Economist Quotes

The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.

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Tags : Alan Greenspan Quotes , Self Quotes , Size Quotes

Even though some down payments are borrowed, it would take a large, and historically most unusual, fall in home prices to wipe out a significant part of home equity. 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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Tags : Alan Greenspan Quotes , Fall Quotes , Home Quotes

I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.

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Tags : Alan Greenspan Quotes , Realization Quotes , Starks Quotes

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

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Tags : Alan Greenspan Quotes , Technology Quotes , Practice Quotes

Productivity is notoriously difficult to predict.

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Tags : Alan Greenspan Quotes , Difficult Quotes

We will have more crises and none of them will look like this because no two crises have anything in common except human nature.

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Tags : Alan Greenspan Quotes , Two Quotes , Looks Quotes

Deficit spending is simply a scheme for the confiscation of wealth.

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Tags : Alan Greenspan Quotes , Money Quotes , Gold Quotes

You can't have the capitalist system if an increasing number of people think it is unjust.

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Tags : Alan Greenspan Quotes , Thinking Quotes , Numbers Quotes

It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade. The worst have failed; investors no longer fund them and are not likely to in the future.

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Tags : Alan Greenspan Quotes , Business Quotes , Past Quotes

Amateurs want to be right. Professionals want to make money.

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Tags : Alan Greenspan Quotes , Want Quotes

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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Tags : Alan Greenspan Quotes , Country Quotes , People 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.

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Tags : Alan Greenspan Quotes , Mean Quotes , Cutting Quotes

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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Tags : Alan Greenspan Quotes , Guarantees Quotes , Investing Quotes

The guiding purpose of the government regulator is to prevent rather than to create something.

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Tags : Alan Greenspan Quotes , Government Quotes , Purpose Quotes

Anything that we can do to raise personal savings is very much in the interest of this country.

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Tags : Alan Greenspan Quotes , Country Quotes , Philosophy Quotes

The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.

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Tags : Alan Greenspan Quotes , Home Quotes , House Quotes