could prove destabilizing to our financial system as a whole and in the end could seriously diminish the availability of home mortgage funds.
More Quotes from Alan Greenspan:
The capacity of workers, after being displaced, to find a new job that will eventually provide nearly comparable pay most often depends on the general knowledge of the worker and the ability of that individual to learn new skills,Alan Greenspan
We have obviously specified implicitly that we prefer to act within our scheduled meetings, ... But we have also shown over the years that when we perceive that actions are required between meetings we have never hesitated to move.
Alan Greenspan
Because it is a highly leveraged operation and one which requires very sophisticated hedging of interest rate risk, it's imparting a significant potential systemic risk to the American financial system,
Alan Greenspan
is on an unsustainable path, in which large deficits result in rising interest rates and ever-growing interest payments that augment deficits in future years.
Alan Greenspan
The world of antitrust is reminiscent of Alices Wonderland everything seemingly is, yet apparently isnt, simultaneously. It is a world in which competition is lauded as the basic axiom and guiding principle, yet 'too much' competition is condemned as 'cutthroat.' It is a world in which actions designed to limit competition are branded as criminal when taken by businessmen, yet praised as 'enlightened' when initiated by the government. It is a world in which the law is so vague that businessmen have no way of knowing whether specific actions will be declared illegal until they hear the judges verdict after the fact.
Alan Greenspan
We should not be cutting taxes by borrowing, ... We do not have the capability of having both productive tax cuts and large expenditure increases, and presume that the deficit doesn't matter.
Alan Greenspan
Readers Who Like This Quotation Also Like:
Based on Topics: Home QuotesHere we are in the 70's when everything really is horrible and it really stinks. The mass media, everything on television everything everywhere is just rotten. You know it's just really boring and really evil, ugly and worse.
Lester Bangs
The world is full of hopeful analogies and handsome, dubious eggs, called possibilities.
George Eliot
No one is guaranteed happiness. You can pursue it, but if you happen to find success along the way on that road to happiness, Conservatives believe you should not be demonized or penalized for it.
Glenn Beck