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  • Alan Greenspan Quotes   143
  • Any onset of increased investor caution elevates risk premiums and, as a consequence, lowers asset values and promotes the liquidation of the debt that supported higher asset prices, ... This is the reason that history has not dealt kindly with the aftermath of protracted periods of low risk premiums.
  • 6 years ago



    Tags : Alan Greenspan Quotes , Risk Quotes , Aftermath Quotes
  • Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism. In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals. Eliminating such restrictions would reduce at least some of the income inequality.
  • 6 years ago



    Tags : Alan Greenspan Quotes , America Quotes , Labor Force Quotes
  • Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices. It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.
  • 6 years ago



    Tags : Alan Greenspan Quotes , Integrity Quotes , Self Esteem Quotes
  • The recent period has been marked by a transformation to an economy that is more productive as competitive forces become increasingly intense and new technologies raise the efficiency of our businesses...While these tendencies were no doubt in train in the "old," pre-1990s economy, they accelerated over the past decade as a number of technologies with their roots in the cumulative innovations of the past half-century began to yield dramatic economic returns.
  • 6 years ago



    Tags : Alan Greenspan Quotes , Past Quotes , Technology Quotes
  • This decade is strewn with examples of bright people who thought they built a better mousetrap that could consistently extract abnormal returns from the financial markets. Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
  • 6 years ago



    Tags : Alan Greenspan Quotes , People Quotes , Abnormal 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.
  • 6 years ago



    Tags : Alan Greenspan Quotes , Home Quotes , House Quotes