Alan Greenspan Quotes, Lost Quotes, Ability Quotes

When trust is lost, a nation's ability to transact business is palpably undermined.

5 years ago

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Tags : Alan Greenspan Quotes , Lost Quotes , Ability Quotes

And whatever their publicized angst over Saddam Hussein's 'weapons of mass destruction,' American and British authorities were also concerned about violence in an area that harbors a resource indispensable for the functioning of the word economy. I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.

5 years ago

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Tags : Alan Greenspan Quotes , War Quotes , Mass Destruction 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.

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Tags : Alan Greenspan Quotes , Unique Quotes , Expansion 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.

5 years ago

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Tags : Alan Greenspan Quotes , Fall Quotes , Looks Quotes

I was a good amateur but only an average professional. I soon realized that there was a limit to how far I could rise in the music business, so I left the band and enrolled at New York University.

5 years ago

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Tags : Alan Greenspan Quotes , Success Quotes , New York Quotes

If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.

5 years ago

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Tags : Alan Greenspan Quotes , Moving Quotes , Together Quotes

Look, I'm very much in favor of tax cuts, but not with borrowed money. And the problem that we've gotten into in recent years is spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous. And my view is I don't think we can play subtle policy here.

5 years ago

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Tags : Alan Greenspan Quotes , Cutting Quotes , Thinking 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

Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.

5 years ago

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Tags : Alan Greenspan Quotes , Gold Quotes , Derivatives Quotes

If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.

5 years ago

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Tags : Alan Greenspan Quotes , Gains Quotes , Action Quotes

Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.

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Tags : Alan Greenspan Quotes , Clouds Quotes , Numbers Quotes

Revolutions are something you see only in retrospect.

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Tags : Alan Greenspan Quotes , Retrospect Quotes

Excessive optimism sows the seeds of its own reversal.

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Tags : Alan Greenspan Quotes , Optimism Quotes , Reversal Quotes

I'm a better economist than I was a sax player.

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Tags : Alan Greenspan Quotes , Player Quotes

Before I met Ayn Rand, I was a logical positivist, and accordingly, I didn't believe in absolutes, moral or otherwise. If I couldn't prove a proposition with facts and figures, it was without merit.

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Tags : Alan Greenspan Quotes , Believe Quotes , Facts 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

We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability.

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Tags : Alan Greenspan Quotes , Jobs Quotes , Real 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

Significantly opening up immigration to skilled workers solves two problems. The companies could hire the educated workers they need. And those workers would compete with high-income people, driving more income equality.

5 years ago

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Tags : Alan Greenspan Quotes , Two Quotes , Opening Up 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?

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Tags : Alan Greenspan Quotes , Past Quotes , Japan Quotes