Alan Greenspan Quotes, Cutting Quotes, Thinking Quotes

Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.

6 years ago

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Tags : Alan Greenspan Quotes , Cutting Quotes , Thinking 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.

6 years ago

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Tags : Alan Greenspan Quotes , Country Quotes , School 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.

6 years ago

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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.

6 years ago

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

If we are to remain preeminent in transforming knowledge into economic value, America's system of higher education must remain the world's leader in generating scientific and technological breakthrough, and in meeting the challenge to educate workers.

6 years ago

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Tags : Alan Greenspan Quotes , Teaching Quotes , Economic Value Quotes

History cannot be reduced to a set of statistics and probabilities.

6 years ago

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Tags : Alan Greenspan Quotes , Statistics Quotes

I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.

6 years ago

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Tags : Alan Greenspan Quotes , Talking Quotes , Today Quotes

Regulators have not been able to achieve the level of future clarity required to act pre-emptively. The problem is not lack of regulation but unrealistic expectations. What we confront in reality is uncertainty, some of it frighteningly so...

6 years ago

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Tags : Alan Greenspan Quotes , Ignorance Quotes , Reality 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.

6 years ago

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Tags : Alan Greenspan Quotes , Gains Quotes , Action Quotes

Without calling the overall national issue a bubble, it's pretty clear that it's an unsustainable underlying pattern.

6 years ago

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Tags : Alan Greenspan Quotes , Issues Quotes , Calling Quotes

In general, corruption tends to exist whenever governments have favors to extend, or something to sell.

6 years ago

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Tags : Alan Greenspan Quotes , Government Quotes , Favors 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?

6 years ago

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Tags : Alan Greenspan Quotes , Past Quotes , Japan 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.

6 years ago

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Tags : Alan Greenspan Quotes , Jobs Quotes , Real 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.

6 years ago

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Tags : Alan Greenspan Quotes , Jobs Quotes , Skills Quotes

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.

6 years ago

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Tags : Alan Greenspan Quotes , Jobs Quotes , Philosophy Quotes

Regulation - which is based on force and fear - undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.

6 years ago

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Tags : Alan Greenspan Quotes , Regulation Quotes , Moral 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.

6 years ago

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Tags : Alan Greenspan Quotes , Unique Quotes , Expansion 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.

6 years ago

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Tags : Alan Greenspan Quotes , Two Quotes , Looks Quotes

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

6 years ago

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Tags : Alan Greenspan Quotes , Country Quotes , People 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.

6 years ago

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Tags : Alan Greenspan Quotes , Life Quotes , Success Quotes