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.
Actually, in my advanced, high-falutin' frontier economics, I often work with what I define as 'money metric utility,' and I ask people, 'Do you really want that? What are you willing to pay for that?'
When people talk of the economy being strong, they don't seem to feel that they, too, are better off.
Zoning laws making housing more expensive? That's less of a problem with a universal basic income and more of a reason to put money directly into people's hands.
Eviction is part of a business model at the bottom of the market.
What do you think a stimulus is? It’s spending - that's the whole point! Seriously.
The culture of self-gratification and deregulation that began during the Clinton years and continued under President George W. Bush led to the bursting of one stock market bubble at the turn of the century and a full-scale financial crash less than a decade later.
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