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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.

Alan Greenspan

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Alan Greenspan
Age: 98
Born: 1926
Born: March 6
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I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms.
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
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What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn't be taking it to those who are willing to and are capable of doing so.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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I love facts and figures. It's like following a detective story, piecing together what's going on in the economy.
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Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.
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