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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.
— Alan Greenspan
Tags: country, grow, competition, people

Other Quotes by "Alan Greenspan"

Markets do very weird things because it reacts to how people behave, and sometimes people are a little screwy.
— Alan Greenspan
Tags: things, weird, sometimes, people
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.
— Alan Greenspan
Tags: more, know, will, today
Revolutions are something you see only in retrospect.
— Alan Greenspan
Tags: something, see, only, you
The problem is you cannot have free global trade with highly restrictive, regulated domestic markets.
— Alan Greenspan
Tags: cannot, problem, free, you
I always believed in animal spirits. It's not their existence that is new. It's the fact that they are not random events, but actually replicate in-bred qualities of human nature which create those animal spirits.
— Alan Greenspan
Tags: new, animal, random, nature
View More by "Alan Greenspan"
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