I've always argued that this country has benefited immensely from the fact that we draw people from all over the world.
Alan GreenspanRead
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.
Interpretation
The stock market's rise can significantly boost the economy, regardless of predictions.
Alan Greenspan's quote emphasizes the crucial role the stock market plays in stimulating economic growth. While he acknowledges uncertainty about its future direction, he suggests that a rising stock market can have a more profound positive effect on the economy than the discussions and policies being considered at the time.
In practice
This quote can be used in a business presentation to underline the impact of stock market fluctuations on the overall economy.
I've always argued that this country has benefited immensely from the fact that we draw people from all over the world.
There's no other job in public life that is like chairman of the Fed.
Since 1948 I have spent every single day thinking how the economic and political worlds have changed.
Most high-income people in our country do not realize that their incomes are being subsidized by their protection from competition from highly skilled people who are prevented from immigrating to the United States. But we need such skills in order to staff our productive economy, so that the standard of living for Americans as a whole can grow.
Every economy exists, no matter what the level of democracy, has elements of crony capitalism. It's - given human nature and given the democratic structures, which we all, I assume, adhere to, that is an inevitable consequence.
I do not understand where the backing of Bitcoin is coming from. There is no fundamental issue of capabilities of repaying it in anything which is universally acceptable, which is either intrinsic value of the currency or the credit or trust of the individual who is issuing the money, whether it's a government or an individual.
The most powerful forces in economics are not numbers or facts. They are prejudices and preferences. No amount of evidence will ever change the degree to which many of the rich and powerful prefer themselves to be richer and more powerful and others poorer and weaker.
No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change.
Soon we saw that money going to women brought much more benefit to the family than money going to the men. So we changed our policy and gave a high priority to women. As a result, now 96% of our four million borrowers in Grameen Bank are women.
If the Republican Party continues to take the view that there must be no tax increases, we're stuck. Capitalism can't work without safety nets or fiscal prudence, and we need both in a sustainable balance.
The raw fact is that every successful example of economic development this past century ... has taken place via globalization.
We need to revise our economic thinking to give full value to our natural resources. This revised economics will stabilize both the theory and the practice of free-market capitalism. It will provide business and public policy with a powerful new tool for economic development, profitability, and the promotion of the public good.
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