[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fR6IYmmq7dktgcNalD-MkxgIOWe5e21i9kLn73deMi0A":3,"$ffanrWlyjO12BC6WdRLSREO0hYEOYYpkB5e5y9G05DlQ":57},{"author":4,"tags":11},{"author_id":5,"author_name":6,"author_name_first_letter":7,"article_count":8,"bio":9,"short_bio":9,"slug":10,"image_url":9},32511,"Alan Greenspan","A",589,null,"alan-greenspan",[12,16,20,24,28,31,35,38,42,45,48,51,54],{"tag_id":13,"tag_name":14,"tag_count":15},290347,"economy-and-economics",12,{"tag_id":17,"tag_name":18,"tag_count":19},1249,"activity",10,{"tag_id":21,"tag_name":22,"tag_count":23},71,"business",8,{"tag_id":25,"tag_name":26,"tag_count":27},3459,"although",7,{"tag_id":29,"tag_name":30,"tag_count":27},8336,"benefits",{"tag_id":32,"tag_name":33,"tag_count":34},10053,"appear",6,{"tag_id":36,"tag_name":37,"tag_count":34},11378,"cannot",{"tag_id":39,"tag_name":40,"tag_count":41},56,"thinking",5,{"tag_id":43,"tag_name":44,"tag_count":41},1428,"ability",{"tag_id":46,"tag_name":47,"tag_count":41},4334,"account",{"tag_id":49,"tag_name":50,"tag_count":41},4550,"asset",{"tag_id":52,"tag_name":53,"tag_count":41},13678,"continue",{"tag_id":55,"tag_name":56,"tag_count":41},24218,"almost",{"quotes":58,"pagination":121},[59,66,72,78,84,90,97,103,109,115],{"id":60,"quote_text":61,"author_id":5,"source_id":27,"has_image":62,"author":63,"source":64,"quote_tag":65,"commentary":9},3532012,"I was a fairly good amateur musician, and I was an average professional. But the one thing I saw was that the big band business was fading. So I made an economic decision, and it turned out the best judgment I ever made in my life.",false,{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":67,"quote_text":68,"author_id":5,"source_id":27,"has_image":62,"author":69,"source":70,"quote_tag":71,"commentary":9},3532008,"Whatever you tax, you get less of.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":73,"quote_text":74,"author_id":5,"source_id":27,"has_image":62,"author":75,"source":76,"quote_tag":77,"commentary":9},3531998,"Bitcoin is really a fascinating example of how human beings create value, and is not always rational... tt is not a rational currency in that case.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":79,"quote_text":80,"author_id":5,"source_id":34,"has_image":62,"author":81,"source":82,"quote_tag":83,"commentary":9},2829358,"Well, you probably will always believe there should be laws against fraud, and I don’t think there is any need for a law against fraud.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":85,"quote_text":86,"author_id":5,"source_id":34,"has_image":62,"author":87,"source":88,"quote_tag":89,"commentary":9},2829357,"In the nineteenth century, the population multiplied by a factor of almost fifteen, from 5.3 million to 76 million, a total larger than any European country except Russia. By 1890, 80 percent of New York’s citizens were immigrants or the children of immigrants, as were 87 percent of Chicago’s.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":91,"quote_text":92,"author_id":5,"source_id":34,"has_image":62,"author":93,"source":94,"quote_tag":95,"commentary":96},2829356,"All taxes are a drag on economic growth. It’s only a question of degree.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],"**The Backstory**\nThis quote is likely from Alan Greenspan's book \"The Age of Turbulence\" (2007), where he reflects on his 18-year tenure as the Chairman of the Federal Reserve. At the time, the US economy was experiencing a housing market bubble, and Greenspan was grappling with the consequences of his own policies. His comment on taxes reflects his laissez-faire economic ideology and his skepticism towards government intervention in the economy.\n\n**The Hidden Insight**\nThe hidden insight in this quote lies in its implicit critique of the concept of \"optimal\" taxation. On the surface, Greenspan's statement suggests that all taxes are bad, but a closer reading reveals that he's actually arguing that the optimal tax rate is zero. This paradox highlights the tension between economic growth and government revenue, forcing policymakers to choose between stimulating growth and funding public goods and services. In essence, Greenspan is saying that taxes are a necessary evil, but one that should be minimized to maximize economic growth.\n\n**How to Use This**\nTo apply this mindset today, entrepreneurs and policymakers should focus on minimizing the drag of taxes on economic growth by streamlining regulatory frameworks, investing in infrastructure, and promoting tax policies that incentivize innovation and job creation. By adopting a nuanced view of taxation, they can strike a balance between stimulating economic growth and funding essential public services.",{"id":98,"quote_text":99,"author_id":5,"source_id":34,"has_image":62,"author":100,"source":101,"quote_tag":102,"commentary":9},2829354,"Four decades after Thomas Edison’s spectacular illumination of Lower Manhattan in 1882, electricity had done little to make the country’s factories more productive.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":104,"quote_text":105,"author_id":5,"source_id":34,"has_image":62,"author":106,"source":107,"quote_tag":108,"commentary":9},2829353,"I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":110,"quote_text":111,"author_id":5,"source_id":34,"has_image":62,"author":112,"source":113,"quote_tag":114,"commentary":9},2829352,"Greenspan, who knew so much more than most, knew far less than most supposed...",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":116,"quote_text":117,"author_id":5,"source_id":34,"has_image":62,"author":118,"source":119,"quote_tag":120,"commentary":9},2829350,"Regulation – which is based on force and fear – undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"currentPage":122,"totalPages":123,"totalItems":8,"itemsPerPage":19},1,59]