Today, economic value is best symbolized by exceedingly complex, miniaturized integrated circuits and the ideas -- the software -- that utilize them, ... Most of what we currently perceive as value and wealth is intellectual and impalpable.
More Quotes from Alan Greenspan:
The odds ... increasingly favor a revival in job creation,Alan Greenspan
History cautions that extended periods of low concern about credit risk have invariably been followed by reversal, with an attendant fall in the prices of risky assets.
Alan Greenspan
as many uncertainties over the next 18 years as it has over the past 18.
Alan Greenspan
I suspect that with the underlying database publicly available, it is just a matter of time before the ex-post results of analysts recommendations are compiled and published on a regular basis, ... I venture to say that with such transparency, the current upward bias of analysts' earnings projections would diminish rather rapidly.
Alan Greenspan
Although I doubt that the U.S. dollar will lose its status as the world's reserve currency any time soon, there are in my judgment lessons to be learned from the experience of (Britain's currency) as it faded as the world's dominant currency,
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
Readers Who Like This Quotation Also Like:
Based on Topics: Economics Quotes, Money & Wealth Quotes, Value QuotesBased on Keywords: impalpable, symbolized
I was always afraid of dying. Always. It was my fear that made me learn everything I could about my airplane and my emergency equipment, and kept me flying respectful of my machine and always alert in the cockpit.
Chuck Yeager
The fear of death follows from the fear of life. A man who lives fully is prepared to die at any time.
Mark Twain
A person without a shadow should keep out of the sun, that is the only safe and rational plan.
Adelbert von Chamisso