|"Only dull people are brilliant at breakfast"
|"The liberal soul shall be made fat, and he that watereth, shall be watered also himself."
-- Proverbs 11:25
Greenspan did put forward a proposal on how to reduce the growing inequality of incomes in the United States — admit more skilled immigrants into the country.
The former Fed chief said that increasing the number of immigrants with sought-after skills would increase the labor supply of these workers in the United States and hold down the wage gains of all workers with these skills.
In that way, Greenspan said, the gap between skilled and unskilled workers would be lowered. He said it was critical to find ways to address growing income inequality in the United States.
Income inequality ``is where the capitalist system is most vulnerable,'' Greenspan said. ``You can't have the capitalist system if an increasing number of people think it is unjust.''