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I'm always amazed that my wife can handle different subjects - one day politics, the next day foreign policy. And she always has so much fun doing it. We make a good team.
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
Always
Team
Wife
Politics
Amazed
Next
Foreign
Different
Handle
Much
Subjects
Make
Policy
Good
Fun
More quotes by Alan Greenspan
To succeed, you will soon learn, as I did, the importance of a solid foundation in the basics of education - literacy, both verbal and numerical, and communication skills.
Alan Greenspan
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
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The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.
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Although the outlook is clouded by a number of uncertainties, the central tendencies of the projections .. imply continued good economic performance in the United States.
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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.
Alan Greenspan
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.
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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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Greenspan, who knew so much more than most, knew far less than most supposed.
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I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.
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I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.
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If I say something which you understand fully in this regard, I probably made a mistake.
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Amateurs want to be right. Professionals want to make money.
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Fear and euphoria are dominant forces, and fear is many multiples the size of euphoria. Bubbles go up very slowly as euphoria builds. Then fear hits, and it comes down very sharply. When I started to look at that, I was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.
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Whatever you tax you get less of.
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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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But rules cannot substitute for character.
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I've always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.
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The number one problem in today's generation and economy is the lack of financial literacy.
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These days, even out of office, I still read economic reports.
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