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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
Alan Greenspan
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Alan Greenspan
Age: 98
Born: 1926
Born: March 6
Banker
Economist
Entrepreneur
Jazz Musician
Politician
New York City
New York
Roots
Baseball
Watches
Watch
Listen
Redskins
Music
Root
Play
Tennis
Love
Golf
More quotes by Alan Greenspan
The process of innovation is, of course, never ending.
Alan Greenspan
In general, corruption tends to exist whenever governments have favors to extend, or something to sell.
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The need for values is inbred. Their content is not.
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Greenspan, who knew so much more than most, knew far less than most supposed.
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Rules cannot take the place of character.
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I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
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The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
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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.
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Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of that stuff.
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History demonstrates that participants in financial markets are susceptible to waves of optimism. Excessive optimism shows the seeds of its own reversal in the form of imbalances that tend to grow over time.
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The number one problem in today's generation and economy is the lack of financial literacy.
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History cannot be reduced to a set of statistics and probabilities.
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Any informed borrower is simply less vulnerable to fraud and abuse.
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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.
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If I say something which you understand fully in this regard, I probably made a mistake.
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The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.
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When trust is lost, a nation's ability to transact business is palpably undermined.
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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.
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Whatever you tax you get less of.
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Improvements in lending practices driven by information technology have enabled lenders to reach out to households with previously unrecognized borrowing capacities.
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