Any informed borrower is simply less vulnerable to fraud and abuse.
More Quotes from Alan Greenspan:
...most of the gains in the level and the growth rate of productivity in the United States since 1995 appear to be structural, largely driven by advances in technology and its application -- irreversible in the sense that knowledge once gained is almost never lost,Alan Greenspan
As China's citizens experience economic gains, so will the American firms that trade in their expanding markets,
Alan Greenspan
The economy is turning, and credit comes in with a lag, ... To the extent that a number of small firms are finding it difficult to get the credit they need at a price they can afford, that's likely to change for the better.
Alan Greenspan
Such an increase in market value is too often viewed by market participants as structural and permanent, ... To some extent, those higher values may be reflecting the increased flexibility and resilience of our economy.
Alan Greenspan
While actual CPI inflation has picked up this year, this rise has not been mirrored uniformly in other broad price measures,
Alan Greenspan
While these forms of protection have often been imposed under the label of promoting so-called 'fair trade,' oftentimes they are just simple guises for inhibiting competition.
Alan Greenspan
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