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Letter "A" » Alan Greenspan Quotes
«Lowering the deficit further in the near term, however, will be difficult in light of the need to pay for post-hurricane reconstruction and relief,»
«I think that's going to change,»
«Over most of the past several years, the behavior of unit labor costs has been quite subdued, ... But those costs have turned up of late, and whether the favorable trends of the past few years will be maintained is unclear.»
«Ned says he is leaving the board to return to teaching, but I must point out that, in a sense, he never left teaching, ... He has been instructing us all along, and we at the board have been his willing students.»
«I have little doubt that my successors, and theirs, will continue to sustain the leadership of the American financial system in an ever-widening global economy,»
«homes that otherwise would be unaffordable.»
«Whether those adjustments are wrenching will depend ... on the degree of economic flexibility that we and our trading partners maintain, and I hope enhance, in the years ahead,»
«... the flexibility of our market-driven economy has allowed us, thus far, to weather reasonably well the steep rise in spot and futures prices for crude oil and natural gas that we have experienced over the past two years,»
«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.»
«through education and training, not by restraining the competitive forces that are so essential to overall rising standards of living of the great majority of our population.»

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