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Quote by Alan Greenspan

“I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits.”

Quote by Alan Greenspan

Book:The Age of Turbulence: Adventures in a New World

Work

The Age of Turbulence: Adventures in a New World

The book delves into the author's experiences and observations on the global landscape, addressing topics such as financial crises, international relations, and the challenges of globalization. more

Author

Alan Greenspan, born on March 6, 1926, is an accomplished economist from the United States. He has made significant contributions to the field of economics and has had a profound impact on the global financial system as the Chairman of the Federal Reserve System. more

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“American consumers might benefit if lenders provided greater mortgage product alternatives to the traditional fixed-rate mortgage.”

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“It's hard to overemphasize how important Ford's deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first. Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s.”

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Book:The Age of Turbulence: Adventures in a New World

Source: The Age of Turbulence: Adventures in a New World

“In general, corruption tends to exist whenever governments have favors to extend, or something to sell.”

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Book:The Age of Turbulence: Adventures in a New World

Source: The Age of Turbulence: Adventures in a New World

“The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.”

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Book:The Age of Turbulence: Adventures in a New World

Source: The Age of Turbulence: Adventures in a New World

“The free lunch has still to be invented.”

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