At the risk of some oversimplification, if the skill composition of our work force meshed fully with the needs of our increasingly complex capital-stock, wage-skill differentials would be stable, and the percentage changes in wage rates would be the same for all job grades.
Alan GreenspanHistory has not dealt kindly with the aftermath of protracted periods of low risk premiums.
Alan GreenspanWe can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.
Alan GreenspanThe true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casualties in your wake.
Alan Greenspan