Alan Greenspan Quotes, Country Quotes, School 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

In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financial markets could signal or precipitate an excessive softening in household and business spending.

6 years ago

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Tags : Alan Greenspan Quotes , Momentum Quotes , Financial 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.

6 years ago

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Tags : Alan Greenspan Quotes , Successful Quotes , Coins Quotes

The process of innovation is, of course, never ending.

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Tags : Alan Greenspan Quotes , Innovation Quotes , Process Quotes

Gold still represents the ultimate form of payment in the world. Fiat money in extremis is accepted by nobody. Gold is always accepted.

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Tags : Alan Greenspan Quotes , Gold Quotes , World 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

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

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Tags : Alan Greenspan Quotes , Real Quotes , Needs 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

The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.

6 years ago

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Tags : Alan Greenspan Quotes , Happiness Quotes , Careers 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

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Tags : Alan Greenspan Quotes , Home Quotes , House 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

The Iraq War is largely about oil.

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Tags : Alan Greenspan Quotes , War Quotes , Oil Quotes

Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.

6 years ago

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Tags : Alan Greenspan Quotes , Gold Quotes , Dollars Quotes

American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.

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Tags : Alan Greenspan Quotes , Alternatives Quotes , Benefits Quotes

I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well.

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Tags : Alan Greenspan Quotes , Success Quotes , Honesty Quotes

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

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Tags : Alan Greenspan Quotes , Jobs Quotes , Philosophy Quotes

Indeed, better risk management may be the only truly necessary element of success in banking.

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Tags : Alan Greenspan Quotes , Risk Quotes , Banking 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

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.

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Tags : Alan Greenspan Quotes , Risk Quotes , Aftermath Quotes

No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.

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Tags : Alan Greenspan Quotes , Long Quotes , Risk Quotes